CNP 0.00% 4.0¢ cnpr group

Buffett,I understand what you are saying. However if I look at...

  1. 59 Posts.
    Buffett,

    I understand what you are saying. However if I look at all the example businesses you make - all were trouble businesses for reasons outside of having debt issues.

    Compares to those examples you list he Centro situation appears to be a new example and a unique given the material tightening of credit globally and Centro generates good earnings in a business that can manage through a recession.

    A bank pulling the plug on a business like Centro that has strong income flow doesn't make a lot of sense.

    Unfortunately if one bank weakens for purely selfish short term reasons it could trigger a house of cards with the rest - one in all in.
 
watchlist Created with Sketch. Add CNP (ASX) to my watchlist

Currently unlisted public company.

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