Cresud ADR Reptg 10 Ord Shs CRESY

Consumer Defensive Farm Products

Cresud SACIF y A is an Argentina-based company engaged mainly in telecommunications sector. Through its subsidiaries, it operates two segments: Agricultural Business and Urban Properties and Investment Business, which is divided into: Operations Center Argentina and Operations Center Israel. Agricultural Business focuses on acquiring, developing and exploiting agricultural properties. It is involved in farming activities, cattle raising, leasing land to third parties and perform agency and agro-industrial services, including a meat packing plant. Operations Center Argentina is engaged in the development, acquisition and operation of shopping malls, offices and hotels, among others, in Argentina, and owns selective investments outside Argentina. Operations Center Israel includes real estate activities in Israel and abroad, supermarket chain management and telecommunications services, both locally, as well as is engaged in the insurance, pension and provident funds, among others.

NDAQ:CRESY - Post by User

Cresud ADR Reptg 10 Ord Shs > New to the agricultural stock scene.

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Comment by GUMBIon Oct 28, 2010 3:16pm

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Post# 17625823

RE: New to the agricultural stock scene.

I picked this up last year around $10 and sold recently at $17.50, but looks like I should have held a bit longer? Looking at their earnings over the past few years, it looks like their assets are increasing, and profit gradually increasing, but seems like a seasonal play. Being in s. america, it's spring there currently, so I'm not sure when this stock is seasonally strong. It's up along with all other commodities due to the weakening US$. Thinly traded though.

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