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Off To The RACEs - Ferrari's 'Small Float' IPO Roars At Open, Then Stalls
With its IPO price of $52, Ferrari's relatively small float is in great (speculative) demand apparently:
- *FERRARI OPENS AT $60.00/SHR, IPO PRICED AT $52
However, after trading up to $60.97, it seems some profit-taking on the "limited to 10,000 cars" automaker is now in order.
Oops!
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And here comes the monkeys flying in on the metals....Wham.
Turns out the engines were outsourced to FIAT in a cost-cutting measure.
Isn't the ipo a fiat reach around for money?
Aren't these gross emitters ?
TestaRossa might be a sign of a market top.
Is Jack Lew driving one fast downhill ?
Yeah, but what did Consumer Reports say about Ferrari?
I'm not sure, but make sure to check their Website again tomorrow beacause it's subject to a complete 180.
I'll buy when the shares hit 50 cents.
In the Middle East, they are whoring out the Ferrari brand. Everywhere you look - hats, shirts, lunch boxes, etc.
So, you're saying Ferrari makes money just like Harley Davison? By selling patches and jackets?
yes. and the dream. like Harley Davison or any football club
dupe
$57 didn't hold
Can't expect to hold on 2nd 5 min red bar. I'm in from 55.50 with stop at LOD.
Sold half @ 57. IPO trading is free money.
Sold out at 57. Didn't like the price action after breaking through 57 + gotta get moving for lunch with dad for his bday.
DiC loves IPOs.
The ultimate boom and bust business that is limited to a select customer base and production capabilities. Fuck it. Why not! Let's buy it up like it is a social media company.
At least Ferrari builds real things. All social media companies do is build offshore click-farms and promise more in future earnings than the entire world's advertising budget could ever support.
Exactly my point. It's a real company that makes things with a definite finite production capacity. How can trader jizz moppers even dream that Ferrrari can have exponential growth? It can't even be explained by some asshole chartist. Doesn't make it a bad company, just not a high flying growth company.
from the other most fundamental perspective, why would any private seller, IPO a company? There's only two reasons. 1) I need capital for growth (we can nix this one) 2) stock buyers will pay me more than what the company is really worth...that's the bottom line)
You're a loser if you own one, a moron if you bought the stock.
Companies generally know pretty well how to top-tick themselves in terms of IPO. dunno when the lockups expire, but I'd be looking to get constructive on Ferrari . . . as a short opportunity.
But, but Tesla only sells 25,000 cars a year and its stock went to $200+ a share...
S/
That's different. Do you know what Tesla sells to stockholders? It's not a car. It's a dream. It's harder for Ferrari to invent a dream line.
Why does Ferrari need to be publicly traded? I can't make sense of this. Qui bono?
300 million reasons, in underwriting fees,plus money to be made off of the muppets buying the IPO.
"The Italian job"
Why would anyone buy a Ferrari-----when they could get a McLaren?
http://www.caranddriver.com/mclaren/p1
Your friend,
Dog
EZ financing available..
http://www.dupontregistry.com/autos/results/mclaren
Men buy Ferraris for the same reason men wear Speedos @ the beach. They want other people to see they've got some johnson.
Why would anyone buy a Ferrari? Lots of reasons, including snobbery or just liking the cars as automotive icons. Why do people buy BMWs when they can get comparably sized Kias? Why do people think Hillary will make a good president?
There's no accounting for human tastes. Me, I'll take a Ferrari any time someone will trade pinks for my Hyundai, straight up trade. But then, I've wanted one since I got a model of one in the mid-1950s. No deal, however sweet, could make me take a Hillary.