Issue link: http://read.dmtmag.com/i/772602
10 • January 23, 2017 • Powersports Business FINANCIAL www.PowersportsBusiness.com thrilled to now be delivering this," said Kevin Asselin, ARGO's vice president of sales and marketing. "Rolling out nationwide retail financing programs is something that is abso- lutely critical to ARGO's growth strategy and for our dealer base. In Dealer Direct and TD Auto Finance, we couldn't have better part- ners to be working with." Dealer Direct is a division of Arkansas- based First Community Bank. POLARIS COMPLETES ACQUISITION OF RETAILER Polaris Industries, Inc. announced that it has completed the acquisition of Transam- erican Auto Parts (TAP), a manufacturer, distributor and retailer of off-road Jeep and truck aftermarket accessories, for an aggregate consideration of $665 million, subject to customary adjustments, financed through Polaris' existing credit facilities. Polaris to anticipates that the TAP trans- action will be accretive to Polaris' earnings per share, excluding acquisition and pur- chase price accounting costs, for the full year 2017. The company expects meaningful annual cost savings within three years fol- lowing closing, primarily from efficiencies related to procurement, distribution and expanded product offerings. TAP will initially operate as a distinct business unit reporting to Steve Eastman, Polaris' president of Parts, Garments and Accessories. PSB POWERSPORTS BUSINESS STOCKS Stock Price Price Percent 52-Week Company Ticker 12/30/2016 12/2/2016 Change High Low Arctic Cat, Inc. ACAT $15.02 $15.00 0.1% $19.82 $8.90 ARI Network Services, Inc. ARIS $5.41 $5.15 5.0% $5.59 $3.33 Assurant, Inc. AIZ $92.86 $86.10 7.9% $94.40 $64.36 Brunswick Corp. BC $54.54 $50.89 7.2% $56.30 $36.05 CDK Global CDK $59.69 $56.91 4.9% $61.25 $39.67 General Electric Co. GE $31.60 $31.34 0.8% $33.00 $27.10 Harley-Davidson, Inc. HOG $58.34 $59.71 -2.3% $62.35 $36.36 Honda Motor Corp. ADR HMC $29.19 $29.37 -0.6% $32.04 $24.03 Polaris Industries, Inc. PII $82.39 $87.46 -5.8% $104.25 $67.80 TCF Financial Corporation TCB $19.59 $17.82 9.9% $20.03 $10.37 Stock Price Price Percent 52-Week Company Ticker 12/30/2016 12/2/2016 Change High Low ArvinMeritor ARM $12.42 $12.63 -1.7% $13.38 $5.69 Bridgestone Corp. ADR BRDCY $18.07 $18.54 -2.6% $19.37 $15.56 Carlisle Companies CSL $110.29 $112.37 -1.9% $116.40 $75.17 Cooper Tire & Rubber CTB $38.85 $37.95 2.4% $40.75 $29.29 Dover Corporation DOV $74.93 $74.39 0.7% $78.27 $50.91 Intl. Speedway Corp. Cl. A ISCA $36.80 $35.55 3.5% $39.95 $29.71 Deere & Company DE $103.04 $101.50 1.5% $104.83 $70.16 MarineMax, Inc. HZO $19.35 $18.90 2.4% $22.05 $13.56 Spy Inc. XSPY $0.06 $0.08 -16.0% $0.25 $0.02 Speedway Motorsports, Inc. TRK $21.67 $20.71 4.6% $22.04 $16.62 Universal Technical Institute UTI $2.91 $2.62 11.1% $5.38 $1.42 TCF Financial Corporation TCB $19.59 $17.82 9.9% $20.03 $10.37 POWERSPORTS BUSINESS INDEX COMPONENTS INTERNATIONAL STOCKS OF INTEREST Source: Wells Fargo Securities LLC Stock Price Price Percent 52-Week Company Ticker 12/30/2016 12/2/2016 Change High Low BMW AG BMW-ETR 88.75 € 79.82 € 11.2% 98.50 € 63.38 € BRP, Inc. DOO-TSE $28.35 $24.05 17.9% $29.06 $13.87 Kawasaki Heavy Industries 7012-TKS 367 ¥ 369 ¥ -0.5% 459 ¥ 257 ¥ Michelin ML-PAR 105.70 € 101.00 € 4.7% 107.90 € 77.40 € NGK Sparkplug 5334-TKS 2598 ¥ 2454 ¥ 5.9% 3275 ¥ 1391 ¥ Suzuki Motor 7269-TKS 4114 ¥ 3790 ¥ 8.5% 4227 ¥ 2450 ¥ Yamaha Motor 7272-TKS 2574 ¥ 2721 ¥ -5.4% 2834 ¥ 1409 ¥ Yokohama Rubber 5101-TKS 2096 ¥ 2052 ¥ 2.1% 2233 ¥ 1170 ¥ DOMESTIC STOCKS OF INTEREST FOREIGN CURRENCY EXCHANGE 12/30/16 1 Month Ago 6 Months Ago Year Ago Annual Price Price %Change Price %Change Price %Change High Low Australian Dollar 1.38 1.35 -2.0% 1.34 -2.8% 1.37 -0.7% 1.28 1.46 British Pound 0.81 0.80 -1.1% 0.75 -7.6% 0.67 -16.7% 0.67 0.82 Canadian Dollar 1.34 1.34 0.3% 1.30 -3.2% 1.39 3.6% 1.25 1.46 Euro 0.95 0.94 -0.6% 0.90 -5.1% 0.92 -3.4% 0.87 0.96 Indian Rupee 67.87 68.45 0.9% 67.50 -0.6% 66.39 -2.2% 66.16 68.75 Indonesian Rupiah 13,472 13,553 0.6% 13,213 -1.9% 13,782 2.3% 12,947 13,960 Japanese Yen 116.63 113.94 -2.3% 102.59 -12.0% 120.57 3.4% 100.15 121.06 Malaysian Ringget 4.49 4.47 -0.4% 4.03 -10.1% 4.29 -4.3% 3.87 4.49 Phillipine Peso 49.71 49.73 0.0% 47.05 -5.4% 47.05 -5.3% 46.02 50.00 Singapore Dollar 1.44 1.43 -0.9% 1.35 -6.8% 1.42 -2.0% 1.34 1.45 South Korean Won 1,207.80 1,169.05 -3.2% 1,151.85 -4.6% 1,172.55 -2.9% 1,090.05 1,238.85 Taiwan Dollar 32.23 31.87 -1.1% 32.26 0.1% 32.86 2.0% 31.20 33.76 Thailand Bhat 35.81 35.68 -0.4% 35.14 -1.9% 35.99 0.5% 34.56 36.37 Note: A positive percent change reflects a weakening of the U.S. dollar and a strengthening of the foreign currency. Source: Wells Fargo Securities LLC DIGEST CONTINUED FROM PAGE 8