Ferrari (NYSE:RACE), a Supercar Factory with Great Food
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 And beginning in the mid-1990’s, many of those buildings have been replaced by new constructions from star architects.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.
|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)|
Latest posts by Paul Ebeling (see all)
- President Trump, “It is not necessary to test everyone before opening up” - April 9, 2020
- America’s Voters Worry More About Recession Than Getting the Virus - April 9, 2020
- Fighting Against Coronavirus Anxiety - April 9, 2020