Polaris Industries, Inc. (NYSE:PII)

Victory is sweet.

Polaris is the leader in the off-road recreational vehicle market, a market that has actually been doing quite well since the recession lifted and financing improved. It is run by veterans and has a nice distribution system here in the US and a growing one internationally. They are just getting started overseas, especially in India and China, and recent acquisitions in motorcyles will help distribute sales outside of off-road (where Polaris is having a lot of success in side-by-side vehicles, the best growing market). Furthermore, Polaris has performed quite well in Europe, too, where no one is really doing all that well. So overall I like the market, the company, the management. Margins may take a little hit here in the next quarter or two as some COGS increase and they won't be able to pass on the prices. But it's a short-term. If consumer spending continues and financing doesn't freeze up, then Polaris will outperform.