How The 3Ps Are Steering Ferrari Into A New Era Of Profit (Q1 Earnings Review)

Core Insights - The article emphasizes the importance of long-term growth and dividend growth investing, focusing on identifying undervalued stocks and high-quality companies that provide cash for reinvestment [1]. Group 1: Investment Strategy - The company prioritizes profitability as a safer driver of gains compared to low valuation, highlighting the significance of margins, free cash flow stability and growth, and returns on invested capital [1]. - The research process involves in-depth analysis of stocks within specific areas of competence, leading to continuous exploration of high-quality companies [1]. Group 2: Company Position - The article mentions a beneficial long position in the shares of Ferrari (RACE), indicating a positive outlook on the company's stock performance [2].