| Author | Message | ||
| Ken (Allyn)
Junior Member Username: Allyn Post Number: 220 Registered: 10-2001 |
I put all the restoration charges on my Lotus on my credit card instead of our common card so she wouldn't see how much I was spending (a lot!). When she eventually found out she got mad - she wanted the frequent flyer miles our common card gives! Can't win. | ||
| Frederick Thomas (Fred)
Member Username: Fred Post Number: 352 Registered: 2-2001 |
That is funny Art. I have a detached garage so when I take my car to the mechanic a lot of times she does not even know it is gone getting worked on. Then I get it back and put it in the garage and she never needs to worry about the bill. (Brian she knows it is gone this time) | ||
| Todd Chen (Tec)
New member Username: Tec Post Number: 21 Registered: 2-2002 |
Art, "Late February, she got wise" That's too funny. I think I'll try the "it's a loaner" approach when I get married. Either that or the old "I'm taking care of it for a friend while he's out of town." | ||
| Frank Parker (Parkerfe)
Member Username: Parkerfe Post Number: 669 Registered: 9-2001 |
If the demand for the new models continues it would be a good investment. I bought some Harley stock in 1991 and it has grown in value like you would not believe. It will continue to grow as long as there are 9-12 month waiting to get a new bike from a dealer at MSRP. Same would be for Ferrari stock I suspect. | ||
| William H (Countachxx)
Intermediate Member Username: Countachxx Post Number: 1107 Registered: 2-2001 |
Art, that just reminds me of the joys of being single. I just ask my cats if I can buy a new toy & they always want me to be happy so they readily agree  I love my cats Ford paid $1B for Jaguar about 15 years ago. I would imagine Ferrari would sell for $4 or 5 B | ||
| arthur chambers (Art355)
Member Username: Art355 Post Number: 267 Registered: 6-2001 |
JM: The market is a fickle mistress. I bought my 355 in January of 2000. I had a problem with my 348 Spyder and took it to Ferrari of SF in December of 99. Brad Goldstone gave me the 355 as a "loaner", knowing I think that I would not ever want to go back to the 348. He was right and in early January, I bought the 355. One problem: didn't know what to tell the wife about the new car, so I kept telling her that it was a loaner. Late Feburary, she got wise and figured out that we owned the car. I told her it was a better investment than the market. Still is. We've lost in the mid six figures over the last couple of years (it will come back when the market gets better), and the Ferrari is still worth about what I paid for it. | ||
| JM Zarka (Crazy_horse)
New member Username: Crazy_horse Post Number: 9 Registered: 2-2002 |
No thanks, but thanks. After having burnt the equivalent of two F40 in the market the last two years I much rather buy a few more Ferrari cars. It might not be as good of an investment as owning stock in the company but at least I have something to show for. Let alone the immense satisfaction of driving those beautiful automobiles ! | ||
| Bill Sawyer (Wsawyer)
New member Username: Wsawyer Post Number: 12 Registered: 2-2002 |
I agree. Anytime you go public you give up control even if you have controlling interest. Maybe Italy is different, but I can't see shareholders standing for unlimited F1 budgets forever. Ferrari is doing well in F1 now, but they were mediocre for decades, even though the budgets were the highest in the sport. Sahreholders won't stand for that today. Maybe we've just been lucky. This could have happened back in the mid-sixties if Ford had been successful in buying the company. We've had thrirty -five year's of inspiring automobiles since then. We could have had a 'Ferrari edition' Ford Fairmont instead. | ||
| Mr. Doody (Doody)
Junior Member Username: Doody Post Number: 82 Registered: 11-2001 |
this would be a risky move. i understand the agnelli family's desire to get some liquidity, but once they have to answer to shareholders and the legal systems that serve them (for better and for worse), it will have to become a different company. it might be a better company, but it might not. doody. | ||
| Bill Sawyer (Wsawyer)
New member Username: Wsawyer Post Number: 11 Registered: 2-2002 |
There have been rumors of a Ferrari flotation for months. Here's the latest news from grandprix.com: http://www.grandprix.com/ns/ns05848.html |