SLCJY - Good Weather And Better Management Have Shrunk SLC Agricola's Discount To Fair Value
Farming is a tough business, but it is a little easier in South America where favorable climate, soil conditions, and operating costs generally allow for attractive production costs for companies like Adecoagro (AGRO), Cresud (CRESY), and SLC Agricola (OTCPK:SLCJY). Even so, it has historically been difficult for SLC Agricola to generate good returns from its farming operations, as management often prioritized growth over profit and return maximization, and the stock often traded at a wide discount to its underlying fair value.
Quite a lot has changed over the past