Ferrari (NYSE:RACE), a Supercar Factory with Great Food

Ferrari (NYSE:RACE), a Supercar Factory with Great Food

Ferrari (NYSE:RACE), a Supercar Factory with Great Food

$RACE

Ferrari in Maranello is not so much a plant as it is a campus.

There are a collection of individual buildings for specific elements of the design and construction of the Supercars that make up the Ferrari works. And beginning in the mid-1990’s, many of those buildings have been replaced by new constructions from star architects.

In the 10 years that followed, Ferrari invested in its architecture and layout. The result: huge strides in industrial efficiency, environmental compatibility and welfare of the company’s workers.

One of the most striking is the staff restaurant, designed by Marco Visconti. The upper floor, which houses the dining room itself, is a glassy wing shape, sailing above the rectilinear industrial buildings around it.

That immediately lends the impression of a place of relaxation, away from the rigors of work on the factory floor.

The dining room is a gorgeous clean space, the arc of its roof lifting the human spirit, the glazing amplifying the sense of space and airiness. A gloss-white scheme is punctuated by red chairs, matching the employees’ uniforms. The irregularly shaped tables allow people to form into ad-hoc social groups.

It is a long way from the dull color and regimented orderliness of a stereotypical works dining hall. The upper ‘wing’ section is mounted on a 7-sided pylon, glazed to the front to house bright staircases to bring employees and guests to the restaurant above.

How about the food?

Ferrari’s cafeteria service is white tablecloth  restaurant quality. The chefs dish up a choice of all the vivid, earthly fresh-flavored staples of Emilia Romagna.

There are deep culinary traditions in this region.

It is the same kind of food Enzo Ferrari himself would have eaten. The point of the restaurant is to keep the staff happy and motivated, so that everyone here shares the same passion for the cars they design and build since Y 1947.

Source: Ferrari, NV

How about Ferrari’s stock?

Maranello, Italy HQ’d Ferrari (NYSE:RACE) stock finished Thursday at 113.78. The Company’s shares have advanced 28% in the last 3 months, 137.79% over the last 12 months, and 95.25% YTD.

The stock is trading above its 50-Day and 200-Day MAs by 5.80% and 41.02%, respectively.

Additionally, shares of Ferrari, which through with its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars, have an RSI of 57.64.

On 13 September 2017, Goldman Sachs initiated coverage with a ‘Neutral’ rating on Ferrari stock.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 113.78 21 September 2017 0.77 113.05 113.83 112.89 171,161
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bullish (0.33) Neutral (0.04) Very Bullish (0.52) Bullish (0.42)

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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