I see Porsche as a performance brand for the foreseeable future.
Porsche fits in a portfolio where its business proposition make sense for the investor. Porsche shares don't fit in my portfolio. I don't buy car stocks. It's a low/zero growth industry and profits are unsteady.
What are Porsche's growth prospects? You need to pencil this out in terms of unit sales and average selling price. Otherwise it is a speculative investment. Nothing wrong with that, but this isn't what fits in my portfolio.
Will Porsche take 100% market share of like-priced performance vehicles? This means Ferrari, Lambo, Aston, AMG and M go out of business. That is the total addressable market. What % share of the total addressable market can Porsche achieve? It's not much more than what they have now in my view.
Last, but this is a minor point - retail investors generally don't do well on IPOs. Founders, PIPE investors and investment bankers do well on IPOs.
Summary: no, I would not buy shares.
@Fined and @ThomasBradbarry please explain the comments a bit more.
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