In my opinion Centro was always going to recover after the debt...

In my opinion Centro was always going to recover after the debt stabilisation was achieved. The question was only how long it would take and to what level. Since the Australian economy and more importantly the US is recovering much quicker than most had expected this has to be priced into Centro SP at some point.
Investors are still sceptical to rush in for now but eventually the picture will become clearer and risk will be to the upside.