Argentina Gets Risky for a Value Investor
My Columnist Conversation post yesterday afternoon regarding Argentina's push to seize control of YPF, the nation's largest oil and gas company, from Spain's Repsol (REPYY) and the potential fallout for shares of Cresud Soceidad (CRESY), elicited some interesting reader responses. I would have expected nothing less from Real Money subscribers!
The primary theme that I heard from subscribers was that the suggestion that Argentina might ultimately also nationalize the food industry was a stretch, that there's a big gap between taking over energy and taking over food. I don't disagree with that assertion. However, it still raises some concerns for me....485 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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