CER centro retail group
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Slother,Many of us have refered to Orbis's strategy, but the...

  1. buffett
    3,308 Posts.
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    20/02/09
    10:55
    Post #: 4818924
    Slother,
    Many of us have refered to Orbis's strategy, but the truth is they may well have jumped in too early. They paid in the 30's plus for CER. Not sure their unit holders would be impressed with their returns last quarter or the next quarter.
    Orbis have bought a lot of REITs without any success so far. Suspect they underestimated how severe the downturn was going to be.
    Unfortunately sometimes first movers don't always buy at the cheapest price.
    Regards
    Buffett
    CER Price at posting: 4.4¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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