I aim to invest in companies with perfect qualitative attributes, buy them at an attractive price based on fundamentals, and hold them forever. I hope to publish articles covering such companies approximately 3 times per week, with extensive quarterly follow-ups and constant updates.I manage a concentrated portfolio targeted at avoiding losers and maximizing exposure to big winners. This means that often I'll rate great companies at a 'Hold' because their growth opportunity is below my threshold, or their d ...

I'm Chris Rouseer from Bloomberg Pursuits and I'm here in historic Newport, Rhode Island to attend the Audrean Concord Elegance. Why don't you come along with me. What is a Concord Elegance.It's a car show for rare and extremely wellpreserved automobiles from the last century and even earlier. The Audrey Concord takes place at the Breakers, the former summer home of the Vanderbilt family. Collectors bring their cars from all over and judges award prizes based on quality of restoration, historical accuracy, ...

Company Overview - Ferrari's stock has shown consistent growth since its listing in early 2016, outperforming peers in Europe, with analysts expressing strong bullish sentiment ahead of the Capital Markets Day [1][2] - The company is expected to unveil its electric vehicle (EV) model next year, generating optimism among analysts and investors [2][3] Earnings and Growth Projections - Analysts noted a conservative outlook from Ferrari regarding its earnings growth compared to previous projections made during the last Capital Markets Day, which did not meet market expectations [3] - The company is producing a limited number of vehicles annually (around 10,000 to 12,000), raising questions about its compliance with future regulations on combustion engines [6][7] Electric Vehicle Market Dynamics - The growth of EV sales in Europe has not reached anticipated levels, leading to skepticism about the EU's goal to phase out combustion cars by 2035 [5] - There is a growing belief that lower-volume manufacturers like Ferrari may receive leniency regarding combustion engine regulations, allowing them to adjust their product plans accordingly [7] Competitive Landscape - The German automaker Porsche is facing challenges in the Chinese market due to aggressive pricing strategies from domestic manufacturers, impacting its profitability [9][10] - The transition from combustion to electric vehicles is leading to a commodification of performance, which could undermine the premium pricing that German companies have traditionally enjoyed [10][11]

Analyst’s Disclosure:I/we have a beneficial long position in the shares of RACE, TSLA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether ...

Analyst’s Disclosure:I/we have a beneficial long position in the shares of RACE, TSLA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether ...

Core Viewpoint - Ferrari (RACE) has experienced a significant decline of 15% over the past four weeks, but it is now in oversold territory, indicating a potential trend reversal as analysts expect better earnings than previously predicted [1] Group 1: Technical Analysis - The Relative Strength Index (RSI) is a momentum oscillator that helps identify whether a stock is oversold, with readings below 30 indicating oversold conditions [2] - RACE's current RSI reading is 24.58, suggesting that the heavy selling pressure may be exhausting itself, leading to a potential trend reversal [5] Group 2: Fundamental Analysis - Over the last 30 days, the consensus EPS estimate for RACE has increased by 6.1%, indicating a positive trend in earnings estimate revisions, which typically correlates with price appreciation [7] - RACE holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the potential for a turnaround [8]

Core Insights - Ferrari's stock dropped nearly 15% due to disappointing management projections, but it is currently trading within a historical support range, which has previously led to significant rebounds averaging 22.8% [1] Group 1: Company Performance and Projections - Ferrari has reduced its 2030 electric vehicle (EV) production target from 40% to 20%, indicating a more conservative approach to electrification [5] - The company projected 2030 EBITDA of at least €3.6 billion, suggesting a slower growth rate than earlier forecasts, which has raised investor concerns [5] - The launch of Ferrari's first EV, the Elettrica, has been delayed until late 2026, with a second EV model still in early planning stages, creating uncertainty about future product offerings [5] - Revenue growth for Ferrari has been 12.4% over the last twelve months (LTM) and an average of 15.7% over the past three years [5] - The company has a free cash flow margin of approximately 18.2% and an operating margin of 28.9% LTM [5] - Ferrari's stock is currently trading at a price-to-earnings (PE) multiple of 46.0, which is higher compared to the S&P [5] Group 2: Market Context and Risks - Historical data shows that Ferrari's stock has experienced significant declines during market downturns, including a 38% drop during the inflation shock and a 28% decline during the Covid sell-off [4] - The stock's current trading levels have previously seen buying interest, with three significant rebounds in the past decade [1][3]

Ferrari’s brand is built on growling gas engines. Can a supercar that hums still set pulses racing?@DanieleLepido explains why the automaker is gambling on its Elettrica EV https://t.co/ZBrlruNLVy https://t.co/Ntl8tycTNR ...

Core Viewpoint - Ferrari's shares experienced a significant decline in both European and U.S. markets following the release of disappointing earnings guidance, marking the company's worst trading day since its IPOs in respective markets [1][2]. Financial Performance - Ferrari's stock fell nearly 15% to just over $407 in the U.S. market, and over 14% in Milan, dropping about €60 to around €357.60, representing the largest single-day loss since its listing in January 2016 [1][2]. - The company projected revenue of €7.1 billion for the current year, an increase from previous forecasts of just over €7 billion, and expects revenue to reach around €9 billion by 2030, with adjusted earnings of at least €3.6 billion, up from just below €2.7 billion [2]. Analyst Insights - RBC Capital analyst Tom Narayan noted that Ferrari's earnings estimates for 2030 were conservative and fell below previous growth projections, indicating a potential downshift in earnings expectations [3]. - CFRA downgraded Ferrari's stock to a "sell" and reduced its price target from $475 to $350, citing concerns over slowing growth [4]. Management Commentary - Ferrari CEO Benedetto Vigna acknowledged that expectations for higher revenue were not met, emphasizing the importance of executing achievable goals [5]. Market Sentiment - Despite the negative outlook from some analysts, others, such as JPMorgan and Deutsche Bank, expressed confidence in Ferrari's long-term growth prospects, with Deutsche Bank upgrading the stock to a "buy" and raising its price target to €520 [5]. Strategic Shift - Ferrari announced a reduction in its electric vehicle production plans, now targeting a model lineup of 40% internal combustion engines, 40% hybrids, and 20% fully electric cars, down from earlier projections of 40% EV sales [6].

Company Overview - Ferrari's shares are under significant pressure following its capital markets day presentation, where it raised long-term financial targets but still fell short of consensus estimates [1][4] - The company has reduced its sales guidance for electric vehicles, leading to a drop in shares to six-month lows [1][4] Financial Performance - Last year, Ferrari sold approximately 13,700 units, indicating a very small sales volume for a luxury brand [4] - The company previously guided for around 7% sales growth for fiscal year 2025, but now projects a longer-term topline sales growth of about 5% [6][7] - The expected delivery date for an all-electric vehicle has been pushed back to late 2026, and the forecast for electric vehicles as a percentage of total production by 2030 has been cut from 40% to 20% [7] Market Reaction - The market is reevaluating Ferrari's valuation due to the widening range of EBITDA growth estimates, which are projected between 30% and 40% [9][10] - The stock is perceived as expensive, and any conservative outlook from the company is being negatively received by investors [11][16] Industry Context - Other luxury brands, such as Aston Martin, are also scaling back their electric vehicle plans, reflecting broader market demand challenges [12] - The transition to an electric vehicle model poses challenges for legacy luxury brands like Ferrari, which must maintain premium pricing while managing capital expenditures and R&D costs [14][15]