Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
'Summary

Cresud's urban real estate operations (IRSA) continue to perform well as rents, occupancy, and sales remain strong at these high-end properties.

Agriculture has also been doing well, but crop prices have started to retreat and Cresud's planting growth expectations are modest.

There is significant potential for Cresud to develop its land assets into much higher-value properties, but that's going to take time, money, and a more responsible Argentine government.

Sometimes a little extra attention can make all the difference. I don't want to suggest that Morgan Stanley's bullish initiation of coverage on Cresud (NASDAQ:CRESY) is the only reason the shares have done so well since April, but it can't hurt to have a major sell-side firm beating the drum on an undervalued company. Cresud is still facing plenty of challenges, not the least of which are weak crop prices and a weak Argentine economy, but it seems as though investors are finally a little more willing to give some credit to the underlying potential value of this company's large Latin American agricultural land portfolio.'


cont'd

http://seekingalpha.com/article/2410325-cresud-finally-tradi...

Starrob
Print the post  

Announcements

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement