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Thoughts on Ferrari?
I’ve been getting more interested in Ferrari stock. It’s quite expensive but premium seems reasonable since it’s fairly recession and inflation proof. I feel like it will be the last ICE manufacturer standing; customers will still adore and pay for its gas powered vehicles deep into the EV transition. Plus it can profit from making EVs as well.
Been long $RACE for awhile and buying the dip has worked out when it drops below $200. What’s their waiting list for new cars? Years? The calculus here is that there will always be filthy rich people looking to blow their money on the ultimate status symbol.
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