Potential Buying Opportunity in Ferrari (RACE)

3 months ago

John Rotanti

"I'll give you an example today, the day we're recording this. Um Ferrari stock is down like 14 or 15%. And um it's not a stock I own. It's not a stock in the portfolio. I don't own it per personally. Um, but I can't act on it today in the portfolio if I wanted to because I haven't done enough research on it. I understand that Ferrari is a, you know, very unique auto maker, right? I understand that it has an elevated luxury brand and very closely controls supply. Even though I think today would be a good buying opportunity based on what I know at this point, I haven't run it through the checklist yet."

John discusses Ferrari stock being down 14-15% and characterized by its unique luxury brand and controlled supply. He considers it a potential buying opportunity, though he remains cautious by noting that he hasn't completed his full research.

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