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Why The Ferrari IPO Is Freaking Out Bernstein Analysts

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Fiat Chrysler S.p.A. NYSE:FCAU - Why The Ferrari IPO Is Freaking Out Bernstein Analysts
  • Bernstein's Max Warburton issued a stern warning to potential investors that Ferrari was a "low growth, low free cashflow, modest return business with massive technology costs and complex regulatory challenges." In short, Warburton said that investors should stay away.
  • Of the "10 reasons for caution," Bernstein highlighted the fact that Ferrari has a limited growth record and low cash flow for a €10 billion value.

Bernstein analyst Max Warburton...


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