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Just how badly does HD need cash? Buffett National Bank


poggi

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Berkshire Hathaway (NYSE: BRK.A) CEO Warren Buffett has swooped in to buy $300 million of Harley Davidson (NYSE: HOG) distressed debt. And Harley will pay through the nose for Buffett's generosity. That's because Berkshire will get 15% interest on the senior unsecured notes. I guess Buffett likes wallowing in the mud.

Does this mean HD is 50% more risky than GE that is paying Buffett a guaranteed 10% on his investment.

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