3 Stocks on Watch; HOG, HERO, ETH

Harley-Davidson Inc. ( NYSE: HOG ), on Tuesday, announced its fourth-quarter financial results. The company reported fourth-quarter loss from continuing operations of $42.1 million, or $0.18 per share. For full year 2010, the company reported income from continuing operations of $259.7 million, or $1.11 per share, compared with income from continuing operations of $70.6 million, or $0.30 per share. Keith Wandell, President and CEO of Harley-Davidson, said that the company feels good about its 2010 results. Harley-Davidson shares have a 52-week range of $21.26-$39.96. The stock is currently trading above its 50-day and 200-day moving averages. Harley-Davidson is a Milwaukee, Wisconsin-based company, operating in two business segments; the Motorcycles & Related Products segment and the Financial Services segment. Hercules Offshore Inc. ( NASDAQ: HERO ), earlier this week, announced an investment of $10 million in Discovery Offshore S.A., a newly created Luxembourg-based company, focusing on ownership if high-specification jackup rigs. Hercules also announced that it will enter into a Construction Management Agreement and Service Agreements with Discovery Offshore for which the company will receive compensation. Hercules Offshore shares have a 52-week range of $2.05-$4.86. The stock is currently trading above its 50-day and 200-day moving averages. Hercules Offshore is a provider of shallow-water drilling and marine services to the oil and natural gas exploration and production industry worldwide. Ethan Allen Interiors Inc. ( NYSE: ETH ), earlier this week, announced its second-quarter fiscal 2011 financial results. The company reported second-quarter net sales of $173.3million, up 21% over the same period in the previous year. The company's net income for the second quarter was $14.7 million, or $0.51 per share, compared with a net loss of $3.3 million, or $0.12 per diluted share for the same period in the previous year. Commenting on the second-quarter financial results, Farooq Kathwari, Chairman, President and CEO of Ethan Allen, said that the company is pleased with continued increases in revenues and profitability during the quarter ended December 31, 2010. Ethan Allen shares have a 52-week range of $12.35-$25.40. The stock is currently trading above its 50-day and 200-day moving averages. Ethan Allen is a Danbury, Connecticut-based manufacturer and retailer of home furnishings and accessories. This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in these stocks. We reserve the right to buy or sell any stock mentioned in this report at any time after this post.
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