cnp reminds of geico... In 1976 on the nyse when warren buffett seen the price go down from $61 to $2 a crash... Everyone bagged the stock and the company was on their way to bankruptcy... But buffett seemed to think differently... and then the stock took a massive turn around in the next 15-20 years and buffett bought the the rest for 2.3 billion...
Warren buffett bought stock when people were selling and knew where the value was...Often investors buy on the top of the cycle or towards the end phase of a bull market not knowing what the stock is worth ....
Real money is made on the bottom of the cycle when a company has a history of good profit making for their shareholders... Unless short selling is introduced..
CNP Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
