As a dedicated value investor, I'm always on the lookout for well managed companies with a strong product and solid fundamentals that have temporary problems that knocked its stock price down. By focusing on the long term outlook, you can find great stocks at deeply discounted prices for reasons that may no longer apply come next quarter.
The stock I'm talking about is Harley-Davidson (HOG). This $12 billion motorcycle manufacturer is an American icon and one of the most recognizable brands on the planet. The company also reported disappointing results in its latest earnings release and the stock tumbled down around $6 -- just shy of its 52-week low.
Chart courtesy of StockCharts.com
The stock might have taken a hit, but it looks oversold based on its RSI of less than 35. Harley is down 13% year-to-date but interested investors might want to think about swooping in now while the stock looks cheap. Continue reading "This All-American Company Could Be A Bargain Pick-Up For Value Investors"