I was gonna buy more WRT at $2.96 this morning, thank god I didn't, this got smashed, I think this might be a bit simplistic, but I think the 2 main reasons for the fall are
1.) The word WESTFIELD will not appear on the new companies name.
2.) there will be no "LOWY" as CEO of the new SCENTRE company that WRT will become first time in its history.
3.) I think the gearing which will be 36% is a had bit too high, that's scaring some folk I think.
anyone got any predictions they wanna make regarding this break up and WRT and stock predictions? are you guys buying more? do u expect new lows soon?
thanks
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