let's look at this way. I have $15K in CNP. I think they will sell some assets, get debt refinancing and return to the profitable dividend paying company they used to be, in which case the SP will rise to a few dollars and I will make heaps of money. If I am wrong and they go bust, BIG DEAL - I write off $15K as a capital loss on tax against my capital gains. Hardly the end of the world or my finances. Worth the risk IMHO.
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held