Volkswagen & Ferrari : Alpine Twins In Valuation Only

Volkswagen: Alpine Twins In Valuation Only by Greenwood Investors

Summary: We’ve had a lot of back & forth with our friends and investors about the Volkswagen diesel scandal and the implications for the auto industry. As it happens, we have an engineer that specializes in cooling and controlling NOx emissions at power plants, and have done head-to-head comparisons that suggest Fiat-Chrysler is indeed telling the truth and doesn’t use devices to deceive regulators. The sell-off, which ironically has punished FCA the most (aside from VW of course), has led to an outstanding opportunity to invest in shares of FCA ahead of the important Ferrari IPO in less than a month. We believe the value of Ferrari could eclipse...