Ferrari N.V.

RACE position long Adam Wyden

Thesis

Wyden owns options in Ferrari and anticipates that EBIT margins could rise from the high teens to around 40% due to high incremental gross margins. He believes that Ferrari can significantly improve its gross margins, which would positively impact EBIT.

Did it work?

inconclusive confidence: low

Without specific price performance data or a defined time horizon for the thesis, it's difficult to assess whether the anticipated improvements in EBIT margins and gross margins have materialized. The lack of information on the elapsed time since the pitch further complicates the evaluation, leading to an inconclusive verdict.

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