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Related: About this forumHarley-Davidson Is No Longer In The Big Leagues
Harley-Davidson Is No Longer In The Big Leagues
Erik Shilling
Tuesday 8:50PM Filed to: HARLEY-DAVIDSON
The S&P 500 is usually considered the best measure of how the American economy is doing. The index includes companies like Chevron, Microsoft, and JPMorgan Chase, companies worth billions that are intended to be representative of the American economy. The S&P 500 also includes Harley-Davidson, though not for much longer.
On Friday, S&P Dow Jones Indices announced that it was booting Harley and two others from the list, effective June 22. It was doing so, it said, ensure each index more appropriately represents its market capitalization range, which is a nice way of saying that Harley simply isnt a big enough player anymore to be placed alongside Americas biggest corporations.
Harley will now be listed in the S&P Midcap 400, alongside companies like Dicks Sporting Goods, Papa Johns, and Gamestop. Harleys current value is a little under $4 billion, and one requirement to get into the S&P 500 in the first place is to be worth more than double that.
This is all mostly a shot at Harleys pride, as being among the S&P 500 doesnt confer companies with any special privileges, its more just that a committee of people thinks your company is big enough to be there, which Harley, these days, simply isnt.
{snip}
Erik Shilling
Tuesday 8:50PM Filed to: HARLEY-DAVIDSON
The S&P 500 is usually considered the best measure of how the American economy is doing. The index includes companies like Chevron, Microsoft, and JPMorgan Chase, companies worth billions that are intended to be representative of the American economy. The S&P 500 also includes Harley-Davidson, though not for much longer.
On Friday, S&P Dow Jones Indices announced that it was booting Harley and two others from the list, effective June 22. It was doing so, it said, ensure each index more appropriately represents its market capitalization range, which is a nice way of saying that Harley simply isnt a big enough player anymore to be placed alongside Americas biggest corporations.
Harley will now be listed in the S&P Midcap 400, alongside companies like Dicks Sporting Goods, Papa Johns, and Gamestop. Harleys current value is a little under $4 billion, and one requirement to get into the S&P 500 in the first place is to be worth more than double that.
This is all mostly a shot at Harleys pride, as being among the S&P 500 doesnt confer companies with any special privileges, its more just that a committee of people thinks your company is big enough to be there, which Harley, these days, simply isnt.
{snip}
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Harley-Davidson Is No Longer In The Big Leagues (Original Post)
mahatmakanejeeves
Jun 2020
OP
Fullduplexxx
(7,840 posts)1. Good take your open headers and go to hell
Hoyt
(54,770 posts)2. LOL. Feel the same way.
MichMan
(11,864 posts)3. All the motorcycles they sell have functioning legal exhaust
It is the stupid owners who modify them later
FoxNewsSucks
(10,414 posts)4. Excessively loud exhaust is illegal.
Obviously the cops are doing other things.
With that said, however, I completely understand why bikers do that. People in cars aren't paying attention. I stopped riding years ago, because I was sick and tired of inattentive assholes seemingly trying to kill me. Now that everyone has a smartphone and is busy updating their facespace twits, it's even worse.
MichMan
(11,864 posts)5. They say "Loud Pipes Save Lives"
I asked a biker once if he was that concerned about safety, why was he riding with no helmet, shorts and a tank top?