gr made it clear that there wont be any fire sales..banks are working with him which is a big positive to centro holders...I am confident that the right timing i.e. asset sales, takeover, liquidity injection e.t.c.. will put centro back on the map...Keep in my mind that ONLY in this environment asset sales wont go way beyond book value...Once this bearish environment moves in the opposite direction and maintains a bull run i.e.. next bull bull market.. you'll will see values for mostly every sector change...history tells us that the market moves in cycles... So in the long term housing price values will move up as well shopping centers...What puts alot of highly geared companies in trouble is the current bearish environment ...The all ords needs to stay above 6000 consistently and move forward in a slow manner for us to say that the market is in a bull phaze again.. This might take time ...If u notice in a middle phaze bull market everyone starts buying whether its a blue chip stock or a crappy mining company with heaps of debt and negative earnings ...People will buy just about anything in a bull market...In a bear market if a company misses forecast yearly profit earnings by $1 lets say forecast 400million and the actual is 399 million....lol the stock goes down 50%...this is why the market over reacts in both bear and bull markets... lol...Our job as long term investors is 2 be patient and let the market eventually price our stock accordingly...as for short term holders i dont have an answer to that.. as i am not a day trader or short term trader..
CNP Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
