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Not "Off To The RACEs" - Ferrari Crashes Below IPO Price
From its highs at $60.97 (after opening at $60), Ferrari has crashed over 16% and broken below its IPO prices today...
Or put another way...
As no lesser market expert than Bob Pisani explained on the day of Farrari's IPO:
But what about Ferrari? The pressure on it is not nearly as intense. It's a different story.
1) After a poor third quarter, the markets have improved in October, so while buyers are picky, the timing is clearly better than a month ago;
2) Ferrari is profitable; and
3) Ferrari is a unique product with one of the most recognizable brand names in the world, and something else: it oozes sexiness.
How sexy is a 16% loss?
Charts: Bloomberg
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I guess they must've figured out they won't sell millions of them. Something about the price being higher than other autos...
Ferrari forgot to sucker a billion dollars from Nevada taxpayers. Easy mistake to make.
NH store clerk scares off robber with significantly larger weaponhttp://tinyurl.com/ofsm5wb
Boy, now that was fast!...
Those wrecks were oozing alright . . .
Who cares! HTe insiders made money that's all that matters.
My old boss had one, he came in to the office one day and said I needed breaks and an oil job it was only 11k, not a bad deal. Guy didn't even know where the air filter was. He said hey, man, what this part? I said that's your air box. He said cool, does that make it go faster? lol
New speed record 60 to 0.
I have no doubt that I am competely wrong............
The Shelby Cobra holds that record.
(dunno if it was ever profitable, but it still is THE sports car.
https://en.wikipedia.org/wiki/AC_Cobra
Who would want a Ferrari these days when you can have an "awesome" Tesla Model S??
POS ! Fox pumper said "You're buyinjg the BRAND..." get ur cigars and sweaters while you can pay the most for ur ego, morons.
Silly Tyler, you act as if retail is supposed to profit from an IPO.
Simple fix, just brand generic Viagra as Ferrari, a billion awaits.
looks like they don't have very good brakes
Bullish Ferrari, Apple would be happy if users trashed their phones at the same rate.
This is the same Pisani who was in a blackened out car in London and had 'no idea' where he was going...
I tried to buy a new Ferrari but they didn't have any $60 dollars a week leases.
i just looked. you can get a low milage entry vehicle for around 85K.
That's almost the same price as a loaded Ford 150. I wonder if you can use it to plow snow?
"seems like a good time for investors to buy in..."
Best Regards,
CNBC
I've heard interest socially from retail investors. They have no clue. Didn't even know it was part of fiat. They just want the bragging rights of this.
So those suckers will be bag holders.
rich people must be very bad drivers? are they all old asian ladies?
Or coked up Wall St jackasses looking for a hooker.
Dear Mr. Pisani:
You're a dumbass bought and paid for talking head Stooge.
And that is only your well known reputation.
Ferrari/FIAT is no longer owned and controlled by the Italians.
Here is who controls FIAT/Ferrari
https://en.wikipedia.org/wiki/John_Elkann
Born in New York City, John Elkann is the first son of Alain Elkann, a journalist and writer of French Jewish and Italian Jewish background,[3] and his then wife Italian Margherita Agnelli.
Old Enzo Ferrari would not be happy.
Ever wonder why Uncle Sham/Schlomo lent Fiat billions to takeover Chrysler?
It also says his Jew parent divorced the mom when he was 3 and he was raised catholic.
Jews dispise Catholics, especially ones that are "supposed" to be jew and go for that Christ stuff.
Why is there a Bugatti veyron in the pictures?
That's the first thing I saw. I guess the person that made this picture either doesn't know fuck about cars or is just trolling Ferrari fans.
I thought the mafia owned Ferrari
Geraldine Ferrari owns Ferrari.
Got 5mph bumper?...check
Got bad drivers?.....check
Got millions of extra metric tons of pollution into the environment each year?.....check ...oh I mean no.....I mean I don't know.....Isn't that VW?
Ok, Got to expensive for out of business world?.....check
Actual ferraris do not pollute at all if you consider how many there are and how often, how far they are driven ,even if a single ferrary were to pollute 1000 times more than other cars.
Ferrarris.... worth only 30 grand tops.... make them in china
3d printed cars are coming. Ferrari should get on that bandwagon or die a slow death. They have some great stuff they could bring to the show. Engines and trasmissions packeged for the open source wave that is coming.
So basically it's only RED Ferrarri's that crash and burn. Good - I don't care for red anyways.
those are some great pictures. isn't it funny how driving a ferrari makes you think you're a much better driver than you really are? OR, like the shares, those cars are incredibly overrated...
BFD. People are still waiting for months to own one, right?
16% loss? My Schwab broker said that a 16% loss is a big win.