- The transition from ICE to EV is inherently problematic for RACE.
- The analyst community and cult enthusiasts remain enamored with RACE's "upside opportunity" and actually argue that margins could expand.
- For RACE, the exclusivity is already gone and the ultra-high-end SUV category is already saturated.
- Valuation remains absurd, but the outlook and projected growth estimates are simply unattainable.
- Investors would be better off buying value here - especially my top picks TSE, OLN, WRK, and CPRI and trimming growth - particularly names like RACE, where the days of substantial growth are long behind them.
For further details see:
Ferrari Defies Gravity For Now, But It Will Return To Earth