26.6 billion assets , page-4

if cnp survives, cer should have no problems
Compare:
CNP--
**NPAT of $469.72m for the year ended 30 June 2007** **Revenues from ordinary activities were $795.17m,

** Diluted EPS was 58.73 cents **Growth has come through acquisitions and very high leveraging.....HAS PROVEN TO BE THE STUMBLING BLOCK

CER--
**Growth has come through
strong average stabilised yield of 7.5%..GOOD
** Net operating cash flow was $78.21m compared to $48.46m previous year..GOOD
**12.7 cents, compared with 12.0 cents previous year..GOOD
**distribution growth of 5.8% cents per security, which was above forecast...GOOD
** 58% increase on operating profit to $85.5m for the financial year ended 30 June 2007...GOOD

other factors:
## New CEO and previous CEO working through the issues...GOOD
##New CEO with strong contacts in US
##current lenders would have had a hand in appointment of new CEO..GOOD, because shows that they wish to work through the issues.
##Major shareholder not selling..GOOD
## massive injection of funds into US markets and aggressive reduction in interest rates.
##Bond insurers propped up by central banks
etc,etc...

Rise in sp on strong volume this week will be a very strong bullish signal, imho.

money can be made or lost...toss a coin??