CER 0.00% 32.0¢ centro retail group

Buying Centro stocks will be speculation but on the whole Centro...

  1. 1,534 Posts.
    Buying Centro stocks will be speculation but on the whole Centro have far fewer discrestionary stores than that of rival Westfield.

    Difficult to predict but it's good bet share price's will probably languish in a trading range now.

    RG's comment should be set in gold.

    "As for Centro shareholdrs, they have salvaged something and what they have is a highly-leveraged play, betting that in the long term the US and Australian stimulus plans work and that the banking systems finds a way to return to financing property purchases. There is a very good chance that longer term the play will work, with the banks as the biggest winners. And it sure beats going broke and having a worthless assets"


    Shorter term CER is probably the smarter play as return to diviends is likely to be shorter timeframe than CNP if at all for CNP.

    Building and construction in commercial property has gone backwards severly so with no new commercial property available Centro is in the box seat when demand picks up.

    This play is longer term but if you look around so is all the rest of the share market currently.

    Good news they are not broke and are a cash flow producing machine.

    I once was told that a business that has good cash flow is a one that stay's in business.






 
watchlist Created with Sketch. Add CER (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.