Warren Buffet’s Investment in Harley-Davidson, don't get too excited about it

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Shares of Harley Davidson, which is a dividend achiever, got a big boost yesterday, after legendary investor Warren Buffett snapped half of the company’s $600 million in bonds that will be issued. The bonds will mature in 2014 and carry an annual interest rate of 15%.
Warren Buffett made similar investments in fixed income equivalents in GE and GS, both of which carried a 10% interest rate. Unlike GE and GS’s investments however, the 300 million-bond position that Buffett’s Berkshire Hathaway is taking won’t come with a warrant to purchase some of Harley Davidson’s stock.

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