I know there are at least a few Seeking Alpha readers who own Adecoagro (AGRO)
for the potential this company offers in becoming a bigger player in
Brazil's sugar and ethanol industries and realizing value growth in its
land holdings. I also know that they've gotten a little frustrated with
the stock's performance as the company has muddled through worries about
crop prices, weather, and issues in Argentina.
The shares did
well from the summer of 2013 into the fall and then went to sleep for
about half a year. More recently the shares have headed higher again, as
Brazilian equities in general have come around and sugar/ethanol
producers like Cosan (CZZ) and Sao Martinho (OTC:SRTOF)
have rebounded as well. With sugar prices and ethanol prices looking
pretty solid, Adecoagro could be in for a better year, though currency
moves could create some considerable choppiness in the numbers.
Please read the full article here:
Adecoagro Showing Some Life
No comments:
Post a Comment