EXXRF vs STLACTraves; Can you explain the difference between EXXRF and STLAC and which is better to own? Have the later and doing well but know you have recommended the former previously Same the CEO this AM on CNBC and he was impressive. Plan to buy more but no sure which is better at this time.
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I assume you mean Stellantis (STLA). Exor owns about 14% of STLA along with big chunks of Ferrari (RACE), CNH Industrial (CNHI) and, more recently, Philips. Which means Exor effectively gives discounted ownership of that group, plus Exor’s many smaller and venture investments… the flip side is it’s less liquid, controlled by one family, and could trade at an even steeper discount in the future. Exor also doesn’t pay a dividend, and STLA is the cheapest of the big car companies thanks to a soft market in Europe, so if you like STLA you don’t have to complicate things by buying all the Exor stuff.