[Craig T]

Originally Posted by sc_rufctr

Is it a good buy at $48-$52?

At $52?...That's hard to say. The public offering is only a 10% stake in the company. In this current world economy, a big position in Ferrari would be a bet that the wealth gap continues to expand and the super rich get even super-richer. Most people buying new Ferrari's are beyond the reach of a stagnant world economy. With oil prices likely to rise from this point, the Arab market for Ferrari's could increase. Growth is the question. I don't see Ferrari coming out with a Cayenne-like SUV or lower priced car to appeal to the middle class…And I don't see the current middle class wages taking a significant jump any time soon moving them into Ferrari territory. If demand is going to increase and Ferrari is going to keep growing, it's going to be the super rich buying their second or third one.

I'm going to stick with a couple novelty shares…maybe get a certificate framed and hung in my man cave, like a previous poster suggested.