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  #1  
Old 06-23-2017,
Attemlow Attemlow is offline
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Default Where's the Beef?? CRESUD has it (NASDAQ:CRESY)

I've been watching CRESY for some time now... looks very solid for the coming surge in food prices

Investor's Business Daily has a short profile on CRESY today



Investor's Business Daily

May 1, 2006 Monday
NATIONAL EDITION

Cresud Rises With Argentina; Farm Operator's Gains Halt Spotty Performance
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  #2  
Old 06-24-2017,
azutcobzok azutcobzok is offline
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Cresud is rebounding with Argentina's economy, which Credit Suisse says will grow 7.5% this year, Bloomberg reports.

In the past two quarters, the Argentine farm operator's earnings surged 367% and 70% while sales rose 25% and 96%. Before that, earnings declined in five of the previous seven quarters.

The Buenos Aires-based company is involved in crop production, cattle raising, milk production and some forestry activities. Real estate is not its forte, but it will sell land if there is sufficient appreciation.

Most of the company's 17 farms are in Argentina's pampas, a temperate prairie zone. Land is cheaper in Argentina than in the U.S. That lets Cresud expand.

In fiscal 2005 ended in June, crops accounted for 40% of Cresud's sales, cattle made up 47%, and milk, feed and other products accounted for the rest. On the earnings side, crops were tops. They accounted for 52% of the profit.
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Old 06-24-2017,
AthenaCall AthenaCall is offline
 
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While few companies in Argentina are engaged in the acquisition of farms, Cresud expects international competitors to enter the market in the next few years.

As of December, eight funds held about 450,000 shares.

The three biggest fund shareholders are rated A-, A+ and A+.

CRESUD SACIF (CRESY)Grp 17$17.37

9.7 M Shares99 Comp. Rating96 EPSRS 91 ROE 7%

ARGENTINE-BASED FIRM ENGAGED IN CATTLE RAISING AND FATTENING AND THE PRODUCTION OF CROPS INCLUDING SOYBEAN AND CORN.

+35% Ann. EPS Gro PE 10 Avg. Daily Vol 207,300 Debt 27%

Last Qtr Eps +70% Prior Qtr +367% Last Qtr Sales +96%

2 Qtrs EPS 15%

Eps Due 5/12

Acc/Dis B Sup/Demand 87

Up 16% from 1 st-stage cup with high handle; 15.04 buy point.
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Old 06-26-2017,
Ayudfghiuiinok Ayudfghiuiinok is offline
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Tyson Foods [TSN:NYSE] hurt by pricing pressure in its beef segment, swung to a loss in the latest second quarter, saying the last three months were even harder than it had expected.

The company lost $127 million in the quarter, compared with a profit of $76 million in the same period last year. On a per-share basis, Tyson lost 37 cents. Last year, the Springdale, Ark., company earned 21 cents. Tyson said its pretax loss for the second quarter included costs of $59 million, or 11 cents a share, for plant closings.

Second-quarter sales declined to $6.25 billion from $6.36 billion last year. In addition to beef, Tyson also processes chicken and pork.

Analysts surveyed by Thomson First Call were expecting a loss of 25 cents a share, right around what Tyson would have lost if the plant-closing costs were excluded.

"We said the second quarter would be very tough, and it was even tougher than we anticipated," John Tyson, the company's chairman and CEO, said Monday. "This quarter's results reflect the depressed markets and the oversupply of all proteins. The beef segment suffered from low capacity utilization and declining boxed beef prices. The negative effect of high live cattle prices and lower sales prices was made worse by interruptions in export markets."
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Old 06-27-2017,
axrebuvizizaq axrebuvizizaq is offline
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Interesting.. I wonder if CRESY is exporting to different markets than are served by Tyson.

Also, if you notice, the IBD article says that crops accounted for 40% of their sales and 52% of their profits

that tells me the crop business is making alot more money right now than the beef or dairy

hopefully they're adjusting to take advantage of that.
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