Star Resorts Development Inc. (SRDP.OB): Playing the Tourism Boom in Latin America
Source: http://Blog.QualityStocks.net/?p=12186Posted on Friday, September 5th, 2008 | In Small & Micro Cap
Star Resorts Development (SRDP) is real estate development company focused on Latin American markets, particularly Argentina. The company specializes in tourism property for affluent travelers and owns a ski resort, Cerro Bayo Mountain Resort, as well as a 47-acre vineyard called Mendoza. Star Resorts Development’s partner in the Cerro Bayo project is already projecting a profit of $100 million.
Interestingly, Star Resorts leaves the development of its properties to partners such as Fiducia Capital Group and Proideas Business Development. Fiducia Capital alone has already developed 45 million square feet of property in South America. The Florida-based company also holds developments in Buenos Aires, Argentina’s capital, giving it a foothold in the nation’s biggest city, wine country and the frequently-visited Patagonia Mountains.
It appears as though Argentina’s economy is beginning to blossom in a similar fashion to that of neighboring Brazil. The country has attracted investments from billionaires such as George Soros and Ted Turner. Visitors flock to the South American Country because the cost of vacationing at a glamorous resort can be as much as 75 percent less than Europe or the United States. Star’s investment in the Mendoza wine country appears to already be paying off as it said the value of its property there has already double from the original purchase price.
Shares of Star Resorts Development closed at $1.01 on Friday. The company has a market value of $69.5 million and has seen its shares trade between 75 cents and $2.11 over the past 52 weeks. The company is virtually debt free as well.
Let us hear your thoughts below:
Last 5 posts by QualityStocks
- A Growing and Prosperous Team Formed by First American Scientific Corp (FASC.OB) - July 2nd, 2009
- Cannabis Science, Inc. (CBIS.OB) is “One to Watch” - July 2nd, 2009
- Avalon Oil & Gas Inc. (AOGN.OB) Seeks out Strategic Partnerships to Develop Strong Portfolio of Oil and Gas Technologies - July 2nd, 2009
- Energtek Inc. (EGTK.PK) Focuses on Natural Gas Technologies - July 2nd, 2009
- Majic Wheels Corp. (MJWL.OB) is “One to Watch” - July 2nd, 2009
Argentina, Brazil, Buenos Aires, cents, Europe, Fiducia Capital Group, Florida, George Soros, Latin America, Patagonia Mountains, Proideas Business Development, real estate development, Small & Micro Cap, South America, Star Resorts Development Inc., Ted Turner, United States, USD
 About QualityStocks (http://QualityStocks.net)
Our name, QualityStocks, emphasizes our commitment to connect subscribers with companies that have huge potential to succeed in the short and long-term future. We believe strong management and vision for the future are crucial for any company to be successful. Timing is everything and we help investors succeed by providing an objective, broad-based view of the SmallCap markets on a daily basis. Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.