Carpokes

What are your thoughts on the upcoming IPO?

I will nibble for a long term play.

See below recent article

https://www.autoblog.com/2022/07/16/por ... tor-pitch/

I might buy a symbolic share or two so I can say I'm a part owner but as an actual investment it's kind of hard to size up any traditionally-ICE auto-maker in the midst of transitioning to electric. Or, I should say it's hard 'for me' to size them up....

I love Porsche cars.

As a Registered SEC Advisor, this IPO is a loser with the big owners in charge with their voting rights.

I'd never buy it.

I'll spend too much to get a Porsche car with no money to buy the stock.

Big valuation https://www.autoblog.com/2022/09/06/por ... triggered/

I think the stock will do well for a few months. After the initial excitement, the big hedge funds and intuitional money will sell into the excitement.

Most stocks that are controlled by super voting rights tend to sell for a ~30% discount to intrinsic value. BTW, some brokers charge to hold foreign companies so check with your platform provider.

If Porsche goes all electric, I'll never buy a new car. It has to be a flat-six for me.

911R wrote: Sun Aug 07, 2022 2:42 pm I love Porsche cars.

As a Registered SEC Advisor, this IPO is a loser with the big owners in charge with their voting rights.

I'd never buy it.

I'll spend too much to get a Porsche car with no money to buy the stock.

I'm no financial adviser, just an ignorant stockholder in various companies over the years, but I tend to agree after reading the WSJ article yesterday and the restrictions the average stockholder will have from his investment. It seems to me its basically a ploy to gain value for the company and the major shareholders which will be the Porsche family and the German state and union. I guess one would gain by the stock increasing in value, which I believe in the long term it probably will, although the stated reason for the IPO is to generate more cash for a move to EV production, which may or may not pay off long term. I bought Ferrari when it went public and sold at a profit so I have a 100% positive track record in auto stocks, but the sample is very small.

Bill in Bama wrote: Wed Sep 07, 2022 7:40 am..stockholder in various companies over the years, but I tend to agree after reading the WSJ article yesterday and the restrictions the average stockholder will have from his investment. It seems to me its basically a ploy to gain value for the company and the major shareholders which will be the Porsche family and the German state and union.

...I bought Ferrari when it went public and sold at a profit so I have a 100% positive track record in auto stocks, but the sample is very small.

I agree with the WSJ article as you stated.
If it was a complete 100% sale of Porsche, I'd be all over it. They preform magic every day.
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I thought about Ferrari but declined (which lost me money).
Again, the stock is a tracking stock among the John Malone ownership stocks from Liberty Media (he also has F-1 and the Atlanta Braves).

https://en.wikipedia.org/wiki/John_C._Malone

I am a conservative investor with 50% in stock and bond index funds. I bought a $100K U.S. Treasury 2 -yr note at par at a 3.5% interest rate last week. No commissions.

I don't see the mechanicals getting better soon. The Fed has been too lose with money on their balance sheet.

September 29th according and lowered valuation

https://www.autoblog.com/2022/09/19/por ... s-dollars/

I read that in the Wall Street Journal this morning. It's confusing.

It has preferred shares and ordinary shares. It has Porsche SE financing the share purchase with up to €7.9 billion in debt.

The deal returns effective control of Porsche to the founder’s heirs, who will own 25% plus one share of Porsche’s voting stock, giving them a blocking minority in Porsche board meetings and at the annual general meeting. [Good, since VW controls Porsche today.]

With total proceeds of up to €19.5 billion, VW will retain nearly €10 billion in gross proceeds from the sale of Porsche shares after distributing the special dividend to its shareholders.

It will trade on the OTC (over the counter market) in the U.S. as an ADR (American Depositary Receipt) which can charge an annual storage fee. The current OTC quote is $9.06 per share for Porsche Automobil Holding SE (Symbol: POAHY).
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I just got an email from Porsche that my 2023 Porsche 911 Turbo is: Your vehicle is now scheduled for production.
They'll notify me when the car is completed. I hope the November delivery date is still good.