Like a lot of you, I’ve been watching the story about Porsche’s supposed financial woes with great interest and, at times, even greater confusion. I say “supposed” because up to now, Porsche has been quite quiet on the whole subject.
Where does my confusion come from you ask? That’s easy. All the rumors, assumptions and conjecture being bandied about by others while waiting for the complete story to unfold are enough to cloud the issue for even the most seasoned financial experts. It should come as no surprise that someone like me (who lacks expertise and experience with the intricacies of options, puts, calls, and other financial black magic) can’t follow along that easily. While I’m sure there is more fact than fiction in most of these accounts, I would prefer to hear directly from the “horse’s mouth” (Porsche or VW) so to speak.
While we are all waiting for the story to play out and the truth to reveal itself, the following video from CNBC is one of the best I’ve seen so far. While not comprehensive, it does provide a short and easy to understand distillation of Porsche’s potential financial crisis.
What do you think? Do things make a bit more sense now? Or, are you just as confused as before?