Sometimes a little extra attention can make all the difference. I don't
want to suggest that Morgan Stanley's bullish initiation of coverage on Cresud (NASDAQ:CRESY)
is the only reason the shares have done so well since April, but it
can't hurt to have a major sell-side firm beating the drum on an
undervalued company. Cresud is still facing plenty of challenges, not
the least of which are weak crop prices and a weak Argentine economy,
but it seems as though investors are finally a little more willing to
give some credit to the underlying potential value of this company's
large Latin American agricultural land portfolio.
Read more here:
Cresud Finally Trading On Some Of Its Potential
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