Looks to me CBA may have it self backed in a corner. With ABC and Allco down CBA (and other lenders) are hurting. Meaning, it would severely hurt the bank further with secondary fallout by taking Centro down. Working with Centro to get out of this crisis has been the only option since January. This has given me confidence to stay on the ride.
By the way CBA not attending the meeting in USA, due to expense cut backs it is possible riding the office push bike to the airport made them to miss their flight. Time mismanagement!!
CNP Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
