Ferrari – The race to separate is almost over
Investsmart
In October, Ferrari took its first step toward being an independent company, with 10% of its shares listing on the New York Stock Exchange under the ticker RACE. The remaining 90% of its shares are still owned by shareholders of Fiat Chrysler Automobiles (FCA), which is run by the highly successful and outspoken chief executive Sergio Marchionne, who virtually brought the company back from the brink of bankruptcy. Although, Ferrari has a couple of large shareholders, we wouldn’t be surprised if there was some interest in the entire company from some investors with very deep pockets and a love for the prancing horse. But a potential takeover offer is not a good enough reason to own a business in our view. Read more to find out what it boils down to: (VIEW LINK)
Nathan has over 20 years' investment experience. Before joining Peters MacGregor, he worked for 9 years at Intelligent Investor, including 4 years as a Portfolio Manager. Nathan is a CFA charterholder
Expertise
Nathan has over 20 years' investment experience. Before joining Peters MacGregor, he worked for 9 years at Intelligent Investor, including 4 years as a Portfolio Manager. Nathan is a CFA charterholder