Given the stellar performance of Harley-Davidson (NYSE: HOG) - the stock is up a whopping 300% over the past five years, 40% in the last year alone - you'd think the iconic motorcycle maker is firing on all cylinders.
But just as a motorcycle can be going 90 miles per hour right before it runs out of gas, Harley-Davidson stock looks like it doesn't have much farther to go.
Certainly, Harley-Davidson's recent results were gleaming.
Its latest quarterly earnings report showed consolidated revenue up 7.5% to $1.34 billion, net income improving to $162.7 million (an increase of 21.4%), and earnings rising to $0.73 per share, up 23.7% from the year-ago quarter.
And Harley-Davidson says it will deliver 4.5% to 6.5% more motorcycles this year than they did in 2012.
I'm not so sure.
What the Milwaukee-based company hopes will drive this increase is a new crop of motorcycles that fall under the banner "Project Rushmore" - what is considered Harley's largest new model launch in its 110-year history.