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Cresud: Buying Into Argentina Agriculture

I recently doubled up when the price came back down. No one has mentioned that current earnings are less important than usual here. This is primarily a land play; they have tens of thousands of acres of the world's finest land on their books at insanely undervalued prices. The real money will be made when China's first trillionaire offers to buy them out at a hefty premium to then -current market prices.