Original review: IRSA - cheap Argentine property
Tag for finding my other articles on this stock: IRSA
About this blog: I have been investing for 25 years, professionally and personally. I look for stocks that have a high probability of compounding at 15% for at least 5 years with limited downside. I write these stocks up on my blog. You can find more about me, my philosophy, my mental models, and my portfolio structure on my site.
Key takeaways
The two segments that matter are malls and Ramblas del Plata. Malls is generating consistent ebitda. A positive here is international brands coming to Argentina. RdP is progressing well and will become a significant cashflow generator over the next 3-4 years.
Thesis and valuation update