TIP836: Exor NV (EXO): The Massive Discount Continues To Widen w/ Kyle Grieve & Shawn O’Malley

You're listening to TIP. Hey folks, welcome back to the investors podcast. On today's episode number eight thirty-six, we are revisiting one of our previously pitched investment ideas. buying shares in Ferrari indirectly through Exer, which is an Italian holding company that has a very large stake in Ferrari. Yet its own stock trades at a significant discount to the market value of its investments. Including position in Ferrari. So

One way to think about this is that Thanks to the wide discount to net asset value, you can effectively acquire exposure to Ferrari's business. at a substantial discount. We're talking about more than fifty percent. By simply buying shares. in Exer, which is this Italian listed holding company. And for starters.

You probably have to believe that Ferrari is a compelling business to own. which we'll get into while also believing that with prudent capital allocation decisions going forward. Exer can convince the market to at least partially narrow its very wide discount to nap. That's sort of the setup that you would need to believe for this investment to be attractive. And if all that happens.

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