|Day Low/High||4.45 / 4.87|
|52 Wk Low/High||2.57 / 6.43|
Shares of Cresud have been hammered by a big political shift in Argentina, which makes the farming name a value play not for the faint of heart.
The diversified farming and real estate giant saw its shares lose more than one-third of their value this week after a foreboding primary election outcome.
California's Limoneira and Argentina's Cresud aren't for investors who expect steady returns.
Some farming stocks that I wrote about recently have risen by as much a 54%.
The company looks like a value play if you can stand the volatility.
This fund, up 11% for the year, offers a bundle of small ADRs and yields a respectable dividend.
As its government pushes to nationalize industry, stocks lose their margin of safety.
In time, CRESY's income potential and asset appreciation will produce a bountiful harvest for investors.