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7 pts

Opinion on  Harman International Industries Inc. (HAR)     Sector: Consumer Cyclical  >  Industry: Audio & Video Equipment
HAR - laughable?

Aug 31, 2008 09:17 PM GMT
The
Return Risk
-0.80% MID
Associate

This is a risky pick as a lot of revenue is from the automotive sector and the stock is one of the weakest in my list. 
Put 1 to 2% of your portfolio in this at this time but be ready to sell if financial position deteriorates.  I am adding this to my list but with a lot of reservation and caution.

HAR:  This call was made on 08/31/08 @ $33.95
Rating:   Positive   $33.95 (08/31/08)
Closed:   10/14/2008 @ $23.41 (-31.05% in 44 days)
Target:   $40.00 (+17.82%) in Six months


Comments (2)

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Ara-cap
Ara G   50%     1 point   commented 461 days ago reply

Even with the dividend paid, there is nothing to justify the risks taken with this stock. Hitting a 5 year low with not even LBOs working in their favor, there are much better fields to go grazing in...
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Edward Gardere   64%     1 point   commented 460 days ago reply

I have already grazed about as much as I wish to....This stock is the runt of the pack which must bear close watching. Stock is at its lowest price since 2003. I think that with revenue growing (offset by lower margins) I will give this a chance for awhile.

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Who voted on this idea?
didith2009 80% 09/01/2008
Mgp
Mathieu Godbout Paquet 73% 08/31/2008



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