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Ferrari's fourth-quarter profit plunges 44%


RM-S8
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Could it be the fact that their customers aren't liking the idea of the turbocharged 488? Or finally after Allan's extremely hard work Ferrari owners started to be embarrassed wearing all that Ferrari merchandise :icon_mrgreen:

 

Also that market segment is extremely busy, McLaren, Lambo, Ferrari and Porsche with their GT models are busily servicing it, there are so many choices out there, I can't imagine the customer pool being so large in order to absorb the onslaught.

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http://www.thestreet.com/story/13444992/1/...6-guidance.html

 

The automaker's earnings were hit hard by recall and restructuring costs in 2015. FCA said it took a charge of $827.2 million (761 million euro) during the third quarter to cover higher recall costs and recorded a charge of $906 million (834 million euro) during the fourth quarter to realign where it builds its cars and trucks in the U.S.

 

http://www.freep.com/story/money/cars/chry...-2015/79365248/

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http://www.thestreet.com/story/13444992/1/...6-guidance.html

 

The automaker's earnings were hit hard by recall and restructuring costs in 2015. FCA said it took a charge of $827.2 million (761 million euro) during the third quarter to cover higher recall costs and recorded a charge of $906 million (834 million euro) during the fourth quarter to realign where it builds its cars and trucks in the U.S.

 

http://www.freep.com/story/money/cars/chry...-2015/79365248/

:icon_thumleft:

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is the stock a buy in anyones opinion?

 

I watched it when it first went public, but all signs and stock gurus I've seen have recommended to stay away.

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