🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Cresud SA (CRES)

Buenos Aires
Currency in ARS
Delayed Data

CRES Comments

Cresud last big move started to pay off. It acquired and consolidated an Israeli holding called IDBD Corp., comprised of 5 of the biggest companies in Israel, but highly leveraged.. . Now investors are discovering how the company already made an excellent turnaround with IDBD and value emerge as a result.. . Cresud has prime real estate assets in several countries including USA (NYC), UK & Israel and is one of the largest owners of rural & urban properties in Argentina.. . Company accounts most of its assets at net book (original cost - depreciation) in Argentine pesos. This results in a massive undervaluation of book value against market prices.. . Cresud is clearly undervalued by sum of the parts. We calculate a price of $45/ADR by NAV (+140% upside) with a large margin of safety supported by undervalued assets.
and what can you tell me about today's news Juan? :)
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.