Author Topic: RACE - Ferrari  (Read 58171 times)

whatdadil9

  • Full Member
  • ***
  • Posts: 164
Re: RACE - Ferrari
« Reply #120 on: September 23, 2016, 08:02:24 AM »
capex will not go up. not cyclical see 2008. F1 spending coming down. Go listen to roadshow.

This is what makes a market...people not doing their work.


benjamin1978

  • Newbie
  • *
  • Posts: 39
Re: RACE - Ferrari
« Reply #121 on: September 23, 2016, 09:00:52 AM »
is there recording of the IPO roadshow?

whatdadil9

  • Full Member
  • ***
  • Posts: 164
Re: RACE - Ferrari
« Reply #122 on: September 23, 2016, 09:09:57 AM »
nope. beauty of the process.

Spekulatius

  • Hero Member
  • *****
  • Posts: 3894
Re: RACE - Ferrari
« Reply #123 on: September 24, 2016, 05:24:21 AM »
capex will not go up. not cyclical see 2008. F1 spending coming down. Go listen to roadshow.

This is what makes a market...people not doing their work.
NAh, I'd rather get it spoon fed. I was not aware of any Roadshow, since it is not on their website.

As far as Capex is concerned, if it is not needed to support the manufacturing, what is than needed for? I am always a bit skeptical, when there is a claim that incremental volume can be done with very little additional expenses.

Als, their F1 expenses, depend on how they are doing relative to other teams. If the other teams step up their game (sponsored by large auto companies) and Ferrari falls behind, they would need to step up, because they cannot afford to be the laughing stock of Formula 1, if they sell performance cars selling for half a million.

That is what they had to do in the nineties when they fell behind - they hired Michael Schumacher for a fortune and spent money to get their car performance up to where they could win. That's the core of their business and not a discretionary expense.
Life is too short for cheap beer and wine.

fareastwarriors

  • Hero Member
  • *****
  • Posts: 3584
Re: RACE - Ferrari
« Reply #124 on: September 28, 2016, 09:35:36 AM »
Why It Takes More Than Money to Buy a Special-Edition Ferrari

Getting on a wait list also can require a friendly dealer and patience; celebrity doesn’t hurt either

http://www.wsj.com/articles/why-it-takes-more-than-money-to-buy-special-edition-ferrari-1475013552

whiterose

  • Jr. Member
  • **
  • Posts: 86
Re: RACE - Ferrari
« Reply #125 on: December 13, 2016, 10:20:04 AM »
Hey Guys,
what's your take on the fair value of Ferrari?
The recent run-up makes me a bit nervous to be honest..

fareastwarriors

  • Hero Member
  • *****
  • Posts: 3584
Re: RACE - Ferrari
« Reply #126 on: February 02, 2017, 01:43:07 PM »

LC

  • Hero Member
  • *****
  • Posts: 4034
"Lethargy bordering on sloth remains the cornerstone of our investment style."
----------------------------------------------------------------------------------------
brk.b | irm | mo | nlsn | pm | t | v

fareastwarriors

  • Hero Member
  • *****
  • Posts: 3584
Re: RACE - Ferrari
« Reply #128 on: May 04, 2017, 02:38:04 PM »

Jurgis

  • Hero Member
  • *****
  • Posts: 4821
    • Porfolio
Re: RACE - Ferrari
« Reply #129 on: May 04, 2017, 03:50:10 PM »
Ferrari Surges to Apple-Like Margins With $2.1 Million Car

https://www.bloomberg.com/news/articles/2017-05-04/ferrari-profit-jumps-on-surging-demand-for-big-engine-supercars

I know! I know!

Tesla should sell Model 3 for



3.1 MILLION!
"Before you can be rich, you must be poor." - Nef Anyo
--------------------------------------------------------------------
"American History X", "Milk", "The Insider", "Dirty Money", "LBJ"