Michael Michaud

Cresud: Buying Into Argentina Agriculture

Event risk of CRESY with the Argentina political and farmers protests is a serious factor to consider here. The land holdings they hold are significant but may not mean much near intermediate term, or even long-term if the event risk unfolds and gets worse. There's is real value in CRESY right now, if the event risk does not get worse. Long and intermediate term CRESY is showing ending 5th waves on the downtrend. If all goes right here, upside could be coming soon. In case it doesn't and your long at current levels, make sure to stick to your stop-loss price. See above for our recommend stop-loss and note if the CRESY price keeps heading south.

Good day and good investing trading.

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