Events / Promotions
Don’t think that Mr. Buffett is lending the American icon the money out of the goodness of his heart, he is receiving a whopping 15 percent on his money, at those rates I can lend Harley some money!
 |
|
CNBC.com
Warren Buffett poses on a motorcycle at the Burlington Hathaway annual meeting in May, 2008. Berkshire’s Geico subsidiary was promoting its motorcycle insurance.
|
The money will be used to support Harley’s finance company and its “ongoing motorcycle lending activities.” (If a buyer can’t get a loan, it’s harder to buy the bike.), according to cnbc.com.
Harley-Davidson shares gained 15 percent on the news closing at $13.73, but way down from the 52-week high of $48.05.
Add Your Comment!