come off it. If and when they sort out their debt refinancing their NTA should be much more than $1, considering they own 800 shopping centres - a highly profitable business. CNP gearing at roughly 60% or 70% is hardly over the top. plenty of companies have gearing levels higher than that. they unfortunately got their timing spectacularly wrong with their debt refinancing coinciding precisely with the credit crisis. glen rufrano is extremely highly regarded in the USA. I doubt he would have taken the job if he thought CNP was a no hoper. He could easily get a higher paid job in the USA I'm sure if he wanted to.
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held