As another interesting illustration, Rio Tinto could currently buy the entire $24bn Centro 'empire' for 3 days of its cash flow. That's right, 3 days cashflow. (RIO cashflow for 6 months / 180 days to Jun 08 $8,860m or $49m per day)
Swap, understand the point you where making which I totally agree on. Just picked on this statement thou and thought id correct it buying CNP won't give the whole $24 bil Centro empire as you need to include the CER and the MCS holders in this. Im not sure maybe CNP intrest is 24 BIl maybe I'm wrong ?
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held