Cresud, Inc. (ADR) (NASDAQ:CRESY)

CAPS Rating: 4 out of 5

An Argentine producer of basic agricultural products involved in various operations and activities including crop production, cattle rising and fattening, milk production, cattle feeding operation and certain forestry activities.

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Player Avatar AygHead (< 20) Submitted: 11/2/2012 9:13:44 AM : Outperform Start Price: $8.04 CRESY Score: +10.99

Book value is understated based on how accounting is treated. It many cases, the extensive land CRESY owns is based on acquired cost with no adjustments to market. Good business model too. This is a long term play 5+ years, similar to BRP.

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