- The Argentine conglomerate Cresud lies at the intersection of real estate and commodities, sectors that tend to do well in periods of changing inflation expectations.
- In times of rising inflation, it is often much harder to obtain financing for real estate purchases. That increases retention and demand for residential and commercial rental properties.
- Thus Cresud stands out as a company with important assets at a time like this, despite its small market cap of $380 million and its P/E of just 5.
- And yet, there are three things that worry me about this investment.
For further details see:
The Asset Allocator: International Real Estate And Commodities At A Reasonable Price (Podcast)