phil_Buffett Posted August 31, 2015 Share Posted August 31, 2015 http://www.forbes.com/sites/joannmuller/2015/08/30/would-fcas-sergio-marchionne-really-try-to-force-gm-into-a-merger/ http://www.newsmax.com/Finance/Companies/Automotive-News-Fiat-Chrysler-GM/2015/08/30/id/672678/ what is Sergio planning 8) Link to comment Share on other sites More sharing options...
tombgrt Posted August 31, 2015 Share Posted August 31, 2015 A less bullish article: http://www.autonews.com/article/20150831/INDUSTRY_ON_TRIAL/308319980/marchionne-wants-a-partner-but-says-fca-can-survive-alone-in Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted September 3, 2015 Share Posted September 3, 2015 http://www.bloomberg.com/news/articles/2015-09-03/jaguars-are-about-to-get-cheaper Maserati looking at some increased competition Link to comment Share on other sites More sharing options...
Jurgis Posted September 3, 2015 Share Posted September 3, 2015 http://www.bloomberg.com/news/articles/2015-09-03/jaguars-are-about-to-get-cheaper Maserati looking at some increased competition Who would ever buy a car with doors that open "like this"? 8) Link to comment Share on other sites More sharing options...
fareastwarriors Posted September 4, 2015 Share Posted September 4, 2015 Ferrari Spinoff Will Delay Marchionne's Fiat-GM Merger Plan http://www.bloomberg.com/news/articles/2015-09-04/ferrari-spinoff-set-to-hold-up-marchionne-s-fiat-gm-merger-plan Link to comment Share on other sites More sharing options...
muscleman Posted September 14, 2015 Share Posted September 14, 2015 http://www.bloomberg.com/news/articles/2015-09-13/fiat-chrysler-named-lead-target-in-contract-talks-uaw-says Really? Normally don't the union start with the strongest one and force the other two to have the same concessions? :o Link to comment Share on other sites More sharing options...
Phaceliacapital Posted September 15, 2015 Share Posted September 15, 2015 When he saw Fiat's european numbers: https://www.youtube.com/watch?v=JRRK01O0JIA Link to comment Share on other sites More sharing options...
muscleman Posted September 16, 2015 Share Posted September 16, 2015 http://www.wsj.com/articles/uaw-fiat-chrysler-reach-tentative-labor-deal-1442358291 This seems smoother than I expected. No strikes. Link to comment Share on other sites More sharing options...
fareastwarriors Posted September 17, 2015 Share Posted September 17, 2015 Now this is interesting development http://www.wsj.com/articles/union-may-help-fiat-chrysler-find-a-merger-partner-1442437843 Union May Help Fiat Chrysler Find a Merger Partner UAW could put pressure on General Motors to enter talks with rival Link to comment Share on other sites More sharing options...
bantrader Posted September 17, 2015 Share Posted September 17, 2015 Marchionne is the number one, He dreams with the merger and gradually hi is putting everybody agree. At the moment already has convinced the leader of the union, Now he wants shareholders to get involved. He said this when he presented the “Capital Junkie” presentation in 1Q15. He wants analysts and shareholders to get involved. Link to comment Share on other sites More sharing options...
phil_Buffett Posted September 19, 2015 Share Posted September 19, 2015 http://frenzel-herzing.com/dhando-investor-meeting-2015-a-day-with-mohnish-pabrai/ mohnish about fiat 4.Pabrai thinks that Fiat is highly undervalued. Minimum margin of safety is 50% and it has the potential to become a +4x. The spinoff of Ferrari will come in less than a month and it is still not considered in the share price. The value of the Ferrari spinoff will exceed the initial purchase price of the entire position. In his opinion Fiat will not drop that much after Ferrari is spinout of Fiat. He thinks that Fiat should be at least valued 2x or even more. Link to comment Share on other sites More sharing options...
muscleman Posted September 21, 2015 Share Posted September 21, 2015 http://www.bloomberg.com/news/articles/2015-09-19/vw-clean-diesel-scheme-exposed-as-u-s-weighs-criminal-charges Good news for other auto makers Link to comment Share on other sites More sharing options...
undervalued Posted September 21, 2015 Share Posted September 21, 2015 http://frenzel-herzing.com/dhando-investor-meeting-2015-a-day-with-mohnish-pabrai/ mohnish about fiat 4.Pabrai thinks that Fiat is highly undervalued. Minimum margin of safety is 50% and it has the potential to become a +4x. The spinoff of Ferrari will come in less than a month and it is still not considered in the share price. The value of the Ferrari spinoff will exceed the initial purchase price of the entire position. In his opinion Fiat will not drop that much after Ferrari is spinout of Fiat. He thinks that Fiat should be at least valued 2x or even more. Is this at the current price, FCAU has a 50% MOS or when he bought the stock? Link to comment Share on other sites More sharing options...
phil_Buffett Posted September 21, 2015 Share Posted September 21, 2015 http://frenzel-herzing.com/dhando-investor-meeting-2015-a-day-with-mohnish-pabrai/ mohnish about fiat 4.Pabrai thinks that Fiat is highly undervalued. Minimum margin of safety is 50% and it has the potential to become a +4x. The spinoff of Ferrari will come in less than a month and it is still not considered in the share price. The value of the Ferrari spinoff will exceed the initial purchase price of the entire position. In his opinion Fiat will not drop that much after Ferrari is spinout of Fiat. He thinks that Fiat should be at least valued 2x or even more. Is this at the current price, FCAU has a 50% MOS or when he bought the stock? i would suspect at the actual Price Level. right now in my opinion fiat is big time undervalued. 8) Link to comment Share on other sites More sharing options...
Phaceliacapital Posted September 22, 2015 Share Posted September 22, 2015 http://www.bloomberg.com/news/articles/2015-09-22/volkswagen-ceo-s-history-of-sweating-the-details-now-haunts-him So yeah, wow... Link to comment Share on other sites More sharing options...
bbarberayr Posted September 22, 2015 Share Posted September 22, 2015 This VW diesel thing looks to be turning into a big problem and stock is down again. Some reports say the car would only turn on environmental filtering when it was being tested and off for regular driving and emissions would be over 40 times the legal limit. A friend of mine just bought a VW Golf and was loving it due to great fuel economy and good performance while being environmentally friendly - I wonder what happens to her car now. FCAU down about 6% this morning as all the European auto makers have diesel engines and I would think people are selling first instead of waiting to see if this spreads. Trying to figure out how much diesel FCAU sells - they do have some Jeep and Dodge trucks in the US, but Europe is the big diesel market. The upside of this is it may actually help Marchionne with his push for industry consolidation. Link to comment Share on other sites More sharing options...
Phaceliacapital Posted September 22, 2015 Share Posted September 22, 2015 I think Chrysler has an 11% market share of Diesels in the US. Link to comment Share on other sites More sharing options...
bbarberayr Posted September 22, 2015 Share Posted September 22, 2015 http://www.reuters.com/article/2015/09/22/us-fiatchrysler-us-defeatdevices-idUSKCN0RM1MK20150922 So, the VW trouble could actually bode well for FCAU market share Link to comment Share on other sites More sharing options...
muscleman Posted September 22, 2015 Share Posted September 22, 2015 http://www.reuters.com/article/2015/09/22/us-fiatchrysler-us-defeatdevices-idUSKCN0RM1MK20150922 So, the VW trouble could actually bode well for FCAU market share FCAU's diesel technology either comes from cummings for trucks or GM during the ventures before the 2002 break up. If FCAU's diesel engines are good, then likely GM's diesel engines have no problems either. Link to comment Share on other sites More sharing options...
Wabash02 Posted September 22, 2015 Share Posted September 22, 2015 Question on FCAU options. Does anyone know what adjustments to the options will be made, if any, after the Ferrari IPO? I have some Jan 2017 deep in the money calls....wonder how they will be adjusted? I would think either the strike would be lowered by some amount, or there would be Ferrari options issued. If its the latter, they might have a higher volatility premium since I assume Ferrari will trade in a large-ish range for the first few days/weeks as the market figures out how to price it... Any thoughts? Link to comment Share on other sites More sharing options...
gokou3 Posted September 22, 2015 Share Posted September 22, 2015 Question on FCAU options. Does anyone know what adjustments to the options will be made, if any, after the Ferrari IPO? I have some Jan 2017 deep in the money calls....wonder how they will be adjusted? I would think either the strike would be lowered by some amount, or there would be Ferrari options issued. If its the latter, they might have a higher volatility premium since I assume Ferrari will trade in a large-ish range for the first few days/weeks as the market figures out how to price it... Any thoughts? For significant disposition like this, the call option holder will be entitled to purchase the same number of FCAU/Ferrari shares as a stockholder who has held the shares pre-spinoff. For example, if each share of FCAU gets 0.2 shares of Ferrari, then when/if you exercise your 2017 option you will get, for each contract, 100 FCAU shares and 20 Ferrari shares in exchange for your (unadjusted) exercise cost. Link to comment Share on other sites More sharing options...
phil_Buffett Posted September 24, 2015 Share Posted September 24, 2015 pretty soon ferrari spinoff and this stock goes down every day more :D. only because of the scandal. pretty frustrating right now. the stock Performance. Sergio will of course talk the last days more with gm, wow if the would Change their mind and make a Merger, vw would be absolutely fucked up. more than now. :o 8) Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted September 24, 2015 Share Posted September 24, 2015 pretty soon ferrari spinoff and this stock goes down every day more :D. only because of the scandal. pretty frustrating right now. the stock Performance. Sergio will of course talk the last days more with gm, wow if the would Change their mind and make a Merger, vw would be absolutely fucked up. more than now. :o 8) The volatility has been nice. I've been trading 1/4 of my position since early Summer. Buying as it dropped and selling as it rose. Have managed to get somewhere around an additional 25% which would reduce my average cost by about 6% on the whole position. Have also had success selling far out of the money calls against the position when prices were really volatile to tack on another 1-2%. My # of shares is now the same as it was at the beginning of the summer, but my cost basis for the entire position is essentially 7-8% lower. Works out especially well since they're in my Roth IRA and none of the transactions will be taxed. . Separate from the strategy above, I've been selling puts to collect a premium on my cash position. Looks like some of those might get exercised in October if we keep moving this direction though so my position will likely increase going into the spin-off. Link to comment Share on other sites More sharing options...
LC Posted September 25, 2015 Author Share Posted September 25, 2015 I've also traded in and out, about 66% of my total position size which is rare for me but I felt I had a much stronger handle on this company vs others. Fiat is probably my most researched/read about position of the last 3 years which gave me the comfort to do so. I was a seller @ 16 and would like to be a buyer @ 12.xx Link to comment Share on other sites More sharing options...
wknecht Posted September 26, 2015 Share Posted September 26, 2015 The Pope is driving around in a Fiat (at least in NYC). Pretty good little ad. Link to comment Share on other sites More sharing options...
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