Ferrari (RACE)
On the road to Laguna Seca this morning (day 3)... and thought I'd check the market on Ferrari's IPO (RACE). Gee... who'd a thunk it.... it's DOWN almost 16% from it's market debut.
The IPO market just hasn't be rewarding. Seems the market isn't playing along - and actually wants to invest in companies that make money (earnings). So RACE - just like every other listed company - will have to report growing earnings/revenues/sales etc. Until then - it's just another pretty face.
|