Barron’s: Buy A Ferrari, Not The Stock

It may be the world’s premier luxury brand. Ferrari(RACE) manufactured just 7,255 cars last year, part of its strategy to keep supply below the level of demand.  The recent IPO of 10% of Ferrari’s shares by Fiat Chrysler(FCAU) followed the same model, making available only a small number of shares. Barron’s notes that the company’s valuation is unjustified.… Read More »