30Aug 24
Ferretti shares on the podium
Yachts do not know the crisis. Ferretti presents the half-yearly balance sheet and the stock, which is close to the all-time low, is galloping upwards. And on the intraday it is hooking. Frankly we did not know this stock closely. But the 2013 balance sheet speaks clearly: almost a billion in turnover, a compound average growth rate of the last 3 years of +53.4%, Piotroski 6 out of 9, operating margin of 6.81%, price / earnings at 10.98 and therefore more convenient than 61.55% of the other companies in the sector (if combined with the growth rate it should be listed at a discount). Technically the stock has tried to break the all-time lows but they bought it in droves and during the lunch break it is hooking upwards. Today there are amazing purchase volumes after the presentation of the last half-yearly report which sees profits and turnover increasing.
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