What does this mean!?!?

Bike is running well (not acting rich or lean) but my plugs are still telling me its rich.

May be you should try a hotter spark plug.

Dirty air cleaner
Leaving choke/enricher on too long
Excessive time idling
Pilot jets too big/screws not adjusted correctly

Take the bike for a 10 mile ride at highway speeds then check your plugs. NOT after you have just started it up and have been idling.

treitz wrote: Bike is running well (not acting rich or lean) but my plugs are still telling me its rich.

Valve clearances within specs?
Fat blue sparks visible on plugs?
Ignition timing spot on?
Advancer functioning properly?

Over-rich mixture from carb (for whatever reason).

Good Fortune!

You may need to check the voltage at the ignition coils. It needs to be the same as battery voltage. If it is low, clean all of the connections between the battery and the coils. The kill switch on the handlebars and the main (key) switch are problem areas due to being exposed to h2o. When the ignition system is operating with full voltage you will not see any soot on the plugs.
I have installed the "coil mod" on all of my bikes. You can do a search for more information.

I did the coil mod already.

I'll check the other things you guys suggested.

I'm hesitant to take it on a long ride for fear that I'll burn my plugs up running rich for whatever reason.

My compression is low, could that be the cause?

treitz wrote: I did the coil mod already.
I'll check the other things you guys suggested.
I'm hesitant to take it on a long ride for fear that I'll burn my plugs up running rich for whatever reason.
My compression is low, could that be the cause?

burn my plugs up running rich -- not likely, but might foul them out.

My compression is low, could that be the cause?-- Yes, but sometimes resolved by adjusting valve clearances to specs.

Would pull the plugs and look for fat blue spark while spinning the engine. Plugs will be otherwise connected as usual, and held grounded against the engine head. Ignition must be switched ON.

Good Fortune!

Did adjusting the valve clearances improve compression?

What is visible quality of the spark?

Good Fortune!

I tried adjusting my valves but couldn't figure it. Still working on that.

I'll check the quality of my spark tomorrow.

Valves are correctly set.

Reset timing to factory settings.

Getting good spark.

Retested compression and its not low after all! So happy.

Plugs are still black.

I guess it's back to jetting?

As suggested by taildragger1197, check for dirty air cleaner.

If not already done, would next perform clear tube tests, to verify the service fuel level. If too high, will overly enrichen carb circuits

What carb cleaning has been recently done?

Good Fortune!

You are putting in new plugs every time you read them right?