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Not "Off To The RACEs" - Ferrari Crashes Below IPO Price

Tyler Durden's picture




 

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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Tue, 10/27/2015 - 12:58 | 6717177 silverer
silverer's picture

I guess they must've figured out they won't sell millions of them.  Something about the price being higher than other autos...

Tue, 10/27/2015 - 13:00 | 6717190 Bloppy
Bloppy's picture

Ferrari forgot to sucker a billion dollars from Nevada taxpayers. Easy mistake to make.

 

 

 

NH store clerk scares off robber with significantly larger weapon

http://tinyurl.com/ofsm5wb

Tue, 10/27/2015 - 13:21 | 6717262 El Oregonian
El Oregonian's picture

Boy, now that was fast!...

Tue, 10/27/2015 - 13:52 | 6717392 Bastiat
Bastiat's picture

Those wrecks were oozing alright . . .

Tue, 10/27/2015 - 13:12 | 6717191 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

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

Tue, 10/27/2015 - 14:46 | 6717683 JuliaS
JuliaS's picture

New speed record 60 to 0.

Tue, 10/27/2015 - 14:57 | 6717736 Arnold
Arnold's picture

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

Tue, 10/27/2015 - 12:58 | 6717180 Bernoulli
Bernoulli's picture

Who would want a Ferrari these days when you can have an "awesome" Tesla Model S??

Tue, 10/27/2015 - 13:01 | 6717194 saveUSsavers
saveUSsavers's picture

POS ! Fox pumper said "You're buyinjg the BRAND..." get ur cigars and sweaters while you can pay the most for ur ego, morons.

Tue, 10/27/2015 - 13:03 | 6717198 Dr. Engali
Dr. Engali's picture

Silly Tyler, you act as if retail is supposed to profit from an IPO.

Tue, 10/27/2015 - 13:04 | 6717206 TideFighter
TideFighter's picture

Simple fix, just brand generic Viagra as Ferrari, a billion awaits.

Tue, 10/27/2015 - 13:10 | 6717230 grapeape
grapeape's picture

looks like they don't have very good brakes

Tue, 10/27/2015 - 13:15 | 6717244 Bunga Bunga
Bunga Bunga's picture

Bullish Ferrari, Apple would be happy if users trashed their phones at the same rate.

Tue, 10/27/2015 - 13:18 | 6717250 Cacete de Ouro
Cacete de Ouro's picture

This is the same Pisani who was in a blackened out car in London and had 'no idea' where he was going...

Tue, 10/27/2015 - 13:18 | 6717253 robertocarlos
robertocarlos's picture

I tried to buy a new Ferrari but they didn't have any $60 dollars a week leases.

Tue, 10/27/2015 - 13:34 | 6717300 madcows
madcows's picture

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?

Tue, 10/27/2015 - 13:18 | 6717254 Kaiser Sousa
Kaiser Sousa's picture

"seems like a good time for investors to buy in..."

Best Regards,

CNBC

Tue, 10/27/2015 - 13:40 | 6717338 Id fight Gandhi
Id fight Gandhi's picture

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.

Tue, 10/27/2015 - 13:21 | 6717258 madcows
madcows's picture

rich people must be very bad drivers?  are they all old asian ladies?

Or coked up Wall St jackasses looking for a hooker.

Tue, 10/27/2015 - 13:22 | 6717263 exartizo
exartizo's picture

Dear Mr. Pisani:

You're a dumbass bought and paid for talking head Stooge.

And that is only your well known reputation.

 

Tue, 10/27/2015 - 13:26 | 6717274 Freddie
Freddie's picture

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?

Tue, 10/27/2015 - 13:47 | 6717374 Id fight Gandhi
Id fight Gandhi's picture

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.

Tue, 10/27/2015 - 13:26 | 6717275 The_Small_Lebowski
The_Small_Lebowski's picture

Why is there a Bugatti veyron in the pictures?

 

Tue, 10/27/2015 - 15:49 | 6717983 thecondor
thecondor's picture

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. 

Tue, 10/27/2015 - 13:34 | 6717305 Chia-Pet
Chia-Pet's picture

I thought the mafia owned Ferrari

Tue, 10/27/2015 - 13:41 | 6717342 THE COIN
THE COIN's picture

Geraldine Ferrari owns Ferrari.

Tue, 10/27/2015 - 13:42 | 6717343 Falconsixone
Falconsixone's picture

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

Tue, 10/27/2015 - 14:24 | 6717556 Dominus Ludificatio
Dominus Ludificatio's picture

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.

Tue, 10/27/2015 - 13:45 | 6717363 Omega_Man
Omega_Man's picture

Ferrarris.... worth only 30 grand tops.... make them in china

Tue, 10/27/2015 - 14:24 | 6717560 VWAndy
VWAndy's picture

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.

Tue, 10/27/2015 - 14:40 | 6717649 CHoward
CHoward's picture

So basically it's only RED Ferrarri's that crash and burn.  Good - I don't care for red anyways.

Tue, 10/27/2015 - 15:42 | 6717953 undercover brother
undercover brother's picture

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...

Tue, 10/27/2015 - 18:09 | 6718645 IronForge
IronForge's picture

BFD.  People are still waiting for months to own one, right?

Tue, 10/27/2015 - 19:34 | 6718928 redd_green
redd_green's picture

16% loss?  My Schwab broker said that a 16% loss is a big win.

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