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Culled from one of the money webzine prognosticators, this pretty much says it all:

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So puny is Harley-Davidson's (HOG, news, msgs) profit at the moment that it's expected to more than triple next year and still not amount to half of what the company made in 2007. Management has a turnaround plan that -- unfortunately for York, Pa., bike builders -- involves shutting the company's plant there.
Harley will also cut noncore, money-losing products such as Buell and MV Augusta motorcycles while adding more international dealerships for its core brand. A weak dollar seems likely to spur overseas purchases.
The stock price has nearly tripled since March. Shares now seem priced as though an earnings recovery is a sure thing, at 21 times forecast 2010 earnings.

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