They had some interesting insights about RACE on http://webstock.today. Definitely made me think twice about the company.
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It would be interesting if Ferrari bought Lamborghini from VW
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Fundamentally this stock is overvalued.
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logic. if you make the expectations as low as possible, even this results are good. But one thing is wrong. Stock is at all time high
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Remains to be seen if electric vehicles with be accepted by a new generation that is less of a "car culture" than in the past. I say no, so i'm out. Ferrari's appeal is and was their world class ICE engines...truly works of art.
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Ferrari's stock ticker is RACE. If you've followed Formula 1, you could see that their team has been struggling. They barely qualify mid-pack, which would normally be embarrassing, but in the 2nd race, they took disaster to another level by knocking each other. Good thing for RACE, nobody is paying attention and people are still buying Ferraris in record numbers, Covid not having much of an impact for Ferrari operations, either. We should see Tesla valuation coming soon, based on RACE performance. All in.
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In uncertain times, only Gold and Ferrari go up!
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Kudos and prayers to Marchionne.👍🙏
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The longer term outlook for luxury goods is horrible. I think they are dumping money into buy backs to prop SP. once this genius plot proves in unsustainable expect reality to drop SP radically.
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I bought RACE in 5-2016 at 37, I don't believe they were ever much lower, I think they start at around $40, I checked my records. I don't know why are lower in the last weeks, the company is strong and customers are waiting for their new models, every car is already sold before his creation, no other car producer in the world can compete with Ferrari, they have been trying for tens of years but the stock market is not completely aware of this, this is probably why the slow down, it's an Italian car and Wall Street is in America therefore some experts have some problem foresee the outcome, they don't speak Italian. Ferrari since the opening have never missed the positive forecast, never and I'm sure it will be the same next meeting in January or February 2020. "Ferrari sei Grande" !
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Target price for RACE is moved up to $225 by one of the top analyst.
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I was really hoping to buy a Ferrari with my 1000 shares . Oh well not in this life....
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Farrari is the best car.. I love it...
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I personally know friends in China who buy expensive cars just because they are expensive. It’s hard to understand if you don’t understand how some of the rich people live in China. The more expensive Ferrari sells their cars, the most sales they get. The tariff has no effect on them.
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The car is expensive and the stock is expensive...grrrrr. This is only for the rich. :(
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$Race can produce only 9000 cars. so their revenue is limited. They will have to increase a production in order to increase its revenue
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I love my Ferrari ;)
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how does this stock rebound? unveiling of the 5 year plan next month?
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just never know... been a very good year I strongly believe earnings will be above guidance. little dip this week before earnings. lets (RACE) to new highs in the second half of 2018
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Ferrari never lose money, customers are on line for years to buy one of them and most of them are sold long before release. How can any analyst be against it? Because speculation plus speculation and they're always wrong.
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I say no, so i'm out.
Ferrari's appeal is and was their world class ICE engines...truly works of art.
Oh well not in this life....