CNN Money reports today that Harley Davidson's stock price is nearing its all time record high.

Harley surged nearly 30 percent last year and the stock is currently trading about 6 percent off its 52 week-high. So with the company set to report its fourth quarter results on Thursday, investors and hog aficionados have to be wondering if the shares have more room to run.

Analysts are forecasting a pretty solid quarter for the company, with sales expected to rise 6 percent from a year ago to $1.22 billion and earnings expected to increase 14 percent to 69 cents a share.

Market analysts believe that Harley's profits will rise 13% in 2005 and gains of about 15.5% annually for the next five years.

What this means, assuming if the anaylsts are correct, is that if you buy some HD stock today, it will steadily increase in value over the next five years. (Of course, if you plan to buy some stock on that note, I just have to remind you that I'm not a market analyst and that you can't blame me if you lose money).

Labels: Harley Davidson Stock Earnings