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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Arran Yuan who wrote (72437)12/17/2007 2:06:36 AM
From: mishedlo  Read Replies (2) | Respond to of 116555
 
76% "Slump" in Centro Property (US Malls)
globaleconomicanalysis.blogspot.com
Centro Properties Group, the owner of almost 700 U.S. malls, slumped 76 percent in Sydney trading after cutting its profit forecast as it struggles to refinance debt, the latest victim of the U.S. subprime mortgage rout.

"We never expected nor could reasonably anticipate that the sources of funding that have historically been available to us and many other companies would shut for business," Centro's Healey said in the statement.

Mish

Thanks for that lead