Polaris Industries Inc. engineers, markets, and manufactures snowmobiles, personal watercraft, all-terrain vehicles, motorcycles and related parts, garments and accessories. For the FY ended 12/31/00, net sales rose 7% to $1.43B. Net income increased 8% to $82.8M. Revenues reflect growth in all-terrain vehicles and expansion of company%s parts, gamets & accessories business. Earnings also reflect increased equity in income of affiliates.

February 13, 2001

Polaris engineers, markets, and manufactures snowmobiles, personal watercraft, all-terrain vehicles, motorcycles and related parts, garments and accessories. On Tuesday, the stock climbed to $49.22, an intra-day high, which beat the previous high recorded earlier this month by two cents. The stock recently beat earnings by five cents, marking the fourth quarter in a row that the company either beat or matched earnings forecasts. Furthermore, the stock has nearly doubled in price over the past year. Currently, PII has 23.7 million shares authorized and 80 million authorized, enough for a 2:1 or a 3:1 split. There are no scheduled meetings for the company, but with the number of authorized shares, a split announcement could be made at any time. Looking at the chart, we see that support is located at the 5-dma at $48.08, the 10-dma at $47.57 and then the 20-dma at $46.26. Resistance is up at $49.22 and the half-century mark. When considering a new play on PII, look for strong volume, 60,000 shares by midday and a move through resistance or a bounce off support as a possible entry point. We will place a stop loss below the last support level at $44.88.

Picked on February 13th at $48.70
Change since picked 0.00
Stop Loss at $44.88

February 15, 2001

Polaris manufactures and markets snowmobiles, personal watercraft and motorcycles. On Tuesday, the company’s stock achieved a new 52-week high, though it did not through on Wednesday. Today, traders apparently lost interest with the stock by mid-morning, and PII drifted lower into the close. While the company has never split its stock, with its stellar stock performance over the past year, we are hopeful a split may be forth coming. Currently, PII has 23.7 million shares outstanding and 80 million authorized enough for a 2:1, or a 3:1 split. Consider opening new positions if PII bounces off the 10-dma at $48.04, or continues to establish new highs on strong volume, meaning 60,000 shares, by midday. Currently, the stock has support at the 20-dma at $46.72. Resistance is Tuesday's high of $49.22. We will maintain our stop loss at $44.88 on this play.

Picked on February 13th at $48.70
Change since picked -0.55
Stop Loss at $44.88