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[sharechat] Finally S&P notices CEN.

From:	maunsell/liu <kiong@paradise.net.nz>
Date:	Thu, 22 Mar 2001 18:12:19 +1200

Not many Companies travel down the path of paying more out in dividends than
they earn.At least they don,t do it for very long!
General Motors did it for about nine years and during this time,1985
to1994,the share price did not move.Debt did move ,yes upwards by about 30
billion .
Well Contact Energy is not a monster like GM,so how much longer can it pay
17 cents per share in Dividends with earnings of only 16 cents per share?
With 1.1 Billion in debt,and their  dependence on particular weather
conditions for increasing their profit margins...............Standard &
Poor's  has given them a shake that the market will notice.

http://www.sharechat.co.nz/articles/20010322-CENcreditwarn.shtml

DM 


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