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SVTPerformance's Chain of Restaurants
Road Side Pub
wallstreet hates Ford
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<blockquote data-quote="RedVenom48" data-source="post: 15969581" data-attributes="member: 166576"><p>Ford is a monster company compared to Ferrari</p><p></p><p>FY2017 Ford profit: 8+ Billion pretax</p><p>FY2017 Ferrari profit: $661 million USD (converted from euro).</p><p></p><p>Based on stock prices x shares in circulation Ford is just under 40 billion dollars. Ferrari is about $24.6 billion. Sounds impressive to me, but is that based on actual value? No its the stock value.</p><p></p><p>Take nothing away from the performance of Ferrari stock and its actual profit for the FY. That's a hell of a profit for shipping 8000 units on top of all the other business ventures they have. I can even imagine how much of that is off parts, financing and licensing etc.</p><p></p><p>Compare that to 8 Billion (pretax) generated by Ford and that number is small by comparison.</p></blockquote><p></p>
[QUOTE="RedVenom48, post: 15969581, member: 166576"] Ford is a monster company compared to Ferrari FY2017 Ford profit: 8+ Billion pretax FY2017 Ferrari profit: $661 million USD (converted from euro). Based on stock prices x shares in circulation Ford is just under 40 billion dollars. Ferrari is about $24.6 billion. Sounds impressive to me, but is that based on actual value? No its the stock value. Take nothing away from the performance of Ferrari stock and its actual profit for the FY. That's a hell of a profit for shipping 8000 units on top of all the other business ventures they have. I can even imagine how much of that is off parts, financing and licensing etc. Compare that to 8 Billion (pretax) generated by Ford and that number is small by comparison. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
wallstreet hates Ford
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