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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: RWS who wrote (72296)	2/8/2023 2:40:41 PM
From: E_K_S	1 Recommendation Recommended By RWS Respond to of 78702

RE: LND - Out w/ their Form 6K quarterly report BrasilAgro – Brazilian Agricultural Real Estate Company I thought they would be better. We will see what amount if div they pay. Sometime in April They made a profitable land sale but fell short on their sugarcane yields. One of the larger adjustments was currency exchange so if/when the $US falls, it will impact positively on LND. I made some buys today and have 50% core position now representing 0.25% portfolio position. The report is worth reading to see the land they own & lease, crops they grow and FCF & debt. Looks like they did add a chunk of debt. Their debt is large but paid down after harvest. So it must be short term financing for planting & fertilizing. Will need to dig deeper especially if they are using debt to buy land. It looks like in the past they were financing land purchases directly from their FCF.