Issue link: https://read.dmtmag.com/i/657286
10 • April 4, 2016 • Powersports Business FINANCIAL www.PowersportsBusiness.com its existing Capital Finance and Equipment Finance businesses. With this transaction, GE has closed $136 bil- lion of GE Capital dispositions as it reduces the size of its financial business and transforms to a digital industrial company. The March 1 transaction releases approximately $4 billion of capital. GE Capital believes it is on track to deliver about $35 billion of dividends to GE under this plan, subject to regulatory approval. "We are pleased to complete the sale of these businesses to Wells Fargo," said Keith Sherin, GE Capital chairman and CEO. "This was our largest business sale to date in our effort to sell most of the assets of GE Capi- tal. Wells Fargo has been a fantastic partner throughout the process, and we are certain our customers, employees and partners will benefit from joining this industry leader." As previously announced, GE is focusing on its high-value industrial businesses and is sell- ing most GE Capital assets. GE will retain the financing verticals that relate directly to GE's industrial businesses. Since the announcement in April 2015, GE Capital has signed agreements for more than $157 billion of the $200 billion it plans to sell. In addition to the March 1 transac- tion, in recent weeks GE Capital has closed a variety of smaller sales globally, bringing the total amount of closed transactions to approxi- mately $136 billion. "We continue to execute quickly and ahead of plan on our asset sales and have worked hard to seamlessly transition our employees and customers to our buyers, a testament to the commitment of our teams," said Sherin. PSB POWERSPORTS BUSINESS STOCKS Stock Price Price Percent 52-Week Company Ticker 3/11/16 2/19/16 Change High Low Arctic Cat, Inc. ACAT $16.64 $16.03 3.8% $39.00 $8.90 ARI Network Services, Inc. ARIS $4.56 $4.18 9.1% $4.82 $2.74 Assurant, Inc. AIZ $77.60 $70.33 10.3% $87.20 $59.73 Brunswick Corp. BC $45.04 $42.22 6.7% $56.03 $36.05 CDK Global CDK $45.36 $43.01 5.5% $57.89 $39.67 General Electric Co. GE $30.34 $29.02 4.5% $31.49 $19.37 Harley-Davidson, Inc. HOG $48.93 $42.00 16.5% $62.96 $36.36 Honda Motor Corp. ADR HMC $28.23 $25.93 8.9% $36.44 $24.56 Polaris Industries, Inc. PII $97.85 $85.85 14.0% $156.35 $67.80 TCF Financial Corporation TCB $12.54 $11.05 13.5% $17.29 $10.37 Stock Price Price Percent 52-Week Company Ticker 3/11/16 2/19/16 Change High Low ArvinMeritor ARM $7.64 $7.34 4.1% $14.62 $5.69 Bridgestone Corp. ADR BRDCY $18.22 $17.38 4.8% $21.61 $15.83 Carlisle Companies CSL $95.80 $87.89 9.0% $104.99 $75.17 Cooper Tire & Rubber CTB $39.10 $36.60 6.8% $43.94 $31.18 Dover Corporation DOV $62.78 $60.62 3.6% $78.21 $50.91 Intl. Speedway Corp. Cl. A ISCA $36.77 $34.49 6.6% $38.27 $28.96 Deere & Company DE $82.95 $77.00 7.7% $98.23 $70.16 MarineMax, Inc. HZO $18.05 $16.38 10.2% $27.68 $13.56 Spy Inc. XSPY $0.08 $0.12 -32.9% $1.01 $0.02 Speedway Motorsports, Inc. TRK $18.38 $18.53 -0.8% $25.66 $17.39 Universal Technical Institute UTI $4.66 $3.54 31.6% $10.45 $2.81 POWERSPORTS BUSINESS INDEX COMPONENTS INTERNATIONAL STOCKS OF INTEREST Source: Wells Fargo Securities LLC Stock Price Price Percent 52-Week Company Ticker 3/11/16 2/19/16 Change High Low BMW AG BMW-ETR 78.72 € 73.83 € 6.6% 123.75 € 66.00 € BRP, Inc. DOO-TSE $16.50 $15.73 4.9% $29.80 $13.87 Kawasaki Heavy Industries 7012-TKS 325 ¥ 305 ¥ 6.6% 647 ¥ 269 ¥ KTM Powersports AG KTM-WBO 129.50 € 128.00 € 1.2% 132.95 € 99.69 € Michelin ML-PAR 86.37 € 85.29 € 1.3% 103.90 € 77.40 € NGK Sparkplug 5334-TKS 2140 ¥ 2162 ¥ -1.0% 3900 ¥ 2000 ¥ Suzuki Motor 7269-TKS 3020 ¥ 2869 ¥ 5.3% 4781 ¥ 2663 ¥ Yamaha Motor 7272-TKS 1865 ¥ 1821 ¥ 2.4% 3245 ¥ 1593 ¥ Yokohama Rubber 5101-TKS 1796 ¥ 1859 ¥ -3.4% 2904 ¥ 1465 ¥ DOMESTIC STOCKS OF INTEREST FOREIGN CURRENCY EXCHANGE 3/11/16 1 Month Ago 6 Months Ago Year Ago Annual Price Price %Change Price %Change Price %Change High Low Australian Dollar 1.32 1.41 6.7% 1.42 7.0% 1.32 -0.4% 1.23 1.46 British Pound 0.69 0.69 -0.3% 0.65 -6.6% 0.67 -3.7% 0.63 0.72 Canadian Dollar 1.32 1.40 5.6% 1.33 0.5% 1.28 -3.6% 1.20 1.46 Euro 0.90 0.88 -1.6% 0.89 -1.1% 0.95 5.5% 0.86 0.95 Indian Rupee 67.11 68.32 1.8% 66.57 -0.8% 62.81 -6.4% 62.22 68.72 Indonesian Rupiah 13,070 13,462 3.0% 14,332 9.7% 13,190 0.9% 12,850 14,698 Japanese Yen 113.52 111.88 -1.4% 120.59 6.2% 121.50 7.0% 111.17 125.64 Malaysian Ringget 4.09 4.15 1.4% 4.32 5.6% 3.70 -9.6% 3.56 4.46 Phillipine Peso 46.61 47.46 1.8% 46.89 0.6% 44.34 -4.9% 44.20 47.99 Singapore Dollar 1.37 1.39 1.4% 1.42 3.2% 1.39 1.0% 1.32 1.44 South Korean Won 1,193.20 1,202.55 0.8% 1,184.60 -0.7% 1,126.50 -5.6% 1,068.60 1,238.85 Taiwan Dollar 32.81 33.30 1.5% 32.53 -0.9% 31.65 -3.6% 30.43 33.76 Thailand Bhat 35.15 35.26 0.3% 36.11 2.7% 32.92 -6.3% 32.36 36.58 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 WELLS FARGO CONTINUED FROM PAGE 8