Ferrari Stock Has Taken a Massive Hit. Time to Buy?

Ferrari's (NYSE: RACE) stock slid hard after investors balked at the fresh long-term targets the Italian sports car company revealed earlier this month. Was the stock's sharp pullback justified, given the underwhelming growth targets the company revealed in its five-year plan? Or is this a buying opportunity?Ferrari is a low-volume luxury automaker that sells scarcity (with Italian flair), not scale. The model has worked wonders in years past. But is its magic wearing off?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool