CER
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0.00% 32.0¢ centro retail group

general growth files chapter 11

  1. Billions101
    522 Posts.
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    16/04/09
    19:17
    Post #: 5019819
    A great day for cer, however the 2nd largest mall owner in US has just filed bankruptcy.

    http://www.bloomberg.com/apps/news?pid=20601087&sid=aYYnO.QAJPyc&refer=home

    With GG filing for bankruptcy this will result in flooding of the market with malls. No good for centro's US portfolio.
    CER Price at posting: 5.1¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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