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Warren Buffett Invests $300 Million in Harley-Davidson (HOG) Bonds, Revving Up the Stock
In a news release today, Tuesday, Harley-Davidson says Berkshire and Harley's biggest shareholder, Davis Selected Advisers, L.P., have each committed to buying $300 million in senior unsecured notes, due in 2014. Buffett gets a 15% annual interest on his money.
Read more:
http://www.cnbc.com//id/28998181
Is the stock a good buy now?
- luciakwang's blog
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This is not an equity investment, though. This is a senior bond. If it doesn't have conversion rights, it won't be a bet on the stock. Oftentimes, the media misinterpret tidbits of what Buffett says and does.