There’s a new, interesting tease of data concerning North America market share for the four-wheel side of the market. I say “tease” because it’s not complete information, and it’s partly based on estimated data. The market share information is included in a recent Polaris Industries investor presentation that is available online on the company’s Web site. Read more >>
For the past several of months we have talked about creating different classes of equity for the purpose of granting different economic rights and different control rights to various owners of a company. The advantages of such a flexible equity structure are readily apparent when dealing, for example, with a key employee who becomes a minority shareholder or an outside investor who wants preferential treatment for the money he puts into the company. Read more >>
Imagine you’re shopping for a motorcycle and visit two dealerships. At the first dealership, the salesperson tells you all about the impressive engineering that went into the motorcycle he’s trying to sell you. When you visit the second dealership, the salesperson reaches over to his desk and places an aluminum work of art into your hand. He points out how short the piston’s skirt is—kind of like a pancake fastened to a connecting rod—and how the closest copy in the auto industry would be on a Formula One car; yet here it is in your hand, and it’s part of the motorcycle that you’ve just decided to buy. Read more >>
