Oct. 27 at 3:38 PM
$CRESY is the majority shareholder of
$IRS, which is up nearly 30% today. The stake in IRS alone is worth close to
$600M (unless my numbers are off) at today's
$15/share stock price, well over half of CRESY's market cap. CRESY owns over a third of
$AGRO, worth roughly
$280M today. These numbers are fluctuating today, but it appears that CRESY's stakes in AGRO and IRS are worth roughly as much as CRESY's current market cap. I think all those acres of productive farmland are worth something! The company is significantly undervalued, especially if Milei, buoyed by the new elections and the funding from the US, can get Argentina rolling.
