|Day Low/High||5.18 / 5.45|
|52 Wk Low/High||2.31 / 6.48|
It has been portfolio cleanup time, which means saying goodbye to some stocks and hello to others.
Make no mistake about it: I have fallen into the real estate value trap a time or two.
Watch maker Fossil Group and Argentine farming giant Cresud have seen their shares plunge amid a market that steadily marches to all-time highs.
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.
The game just started, but several names in my portfolio have been off to the races since Election Day.
Some farming stocks that I wrote about recently have risen by as much a 54%.
Companies that own farmland look like good long-term plays.
The company looks like a value play if you can stand the volatility.
A number of names are severely mispriced at the moment. That's where you come in.
The S&P 500 nears the same level it was at one year ago, and I enter an Argentine farming name.
These two companies usually get hammered more than most when the market pulls back.
If you look at only financial statements and share price, these stocks shine.
As its government pushes to nationalize industry, stocks lose their margin of safety.
Valid reasons exist for ridding your value portfolio of a few stocks, plus you'll make room for new ones.
Long shots, nukes, fast food and presidential politics … it's all in there.
In time, CRESY's income potential and asset appreciation will produce a bountiful harvest for investors.
This asset-rich, Argentine farming giant owns real estate assets, which adds to its allure.