Can Polaris Keep Moving Higher?http://www.fool.com/investing/general/2012/09/18/can-polaris-keep-moving-higher.aspx Travis Hoium
September 18, 2012
Shares of Polaris (NYSE: PII ) hit a 52-week high on Friday. Let's look at how it got here and whether clear skies are ahead.
How it got here
In the second quarter, Polaris saw sales grow by 24% to $755.4 million and net income rose 43% to $69.8 million. Both were record results and every segment of the business helped drive growth. The acquisition of Indian has certainly helped the on-road segment double sales in the past year.
This shows the contrast between companies selling to businesses, or "toys" to consumers with disposable income, and the struggles of companies trying to sell to general consumers. As you can see below, Arctic Cat (Nasdaq: ACAT ) has also experienced success on the market over the past five years, while more mainstream Harley-Dav