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Adrian Croxson: Pirelli Is Undervalued By 60%

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Rupert Hargreaves
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The premium auto market is a business defined by fast cars, strong brands, and high prices. Tires also play an essential part. Premium cars require premium tires and one of the market's biggest players is Pirelli.

Pirelli has only been a public company for a few months. During this time, it has struggled to make an impact. After listing at €6.50 in October, today it trades a shade under €7.

Adrian Croxson of Oz Management believes that the stock is worth about 60% more, and he pitched his investment case at the London 2017 Sohn Conference.

[munger]

 

Adrian Croxson: Pirelli Is Undervalued By 60%...

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha