Ferrari and the Fiat Stub — RACEGuest Post
Ferrari and the Fiat Stub — RACE by beowulfcap
Warning: Automobile sector definitely does not fall into our circle of competence.
- Ferrari listed in NYSE and finished on 23rd Oct with a market cap of $10.7B
- Absolute top class luxury brand with an earnings of ~$300M in 2014
- Works out to an earnings yield of 3% and a PE of almost 35
- We feel that Mr. Market is valuing the brand of Ferrari very highly. In our opinion, this is counted twice as the . . .
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