Sometimes the market gets it wrong and sometimes I get it wrong. On this ocassion, I think the market has oversold CNP and further downside is limited imo.
I see an opportunity to get a stock that has been mispriced. I'm sure the management team will assemble the best team to sort out this problem. Once fixed, the market will re-rate this stock. If however they really do stuff it up then I'm prepared to lose my shareholding as it represents on a tiny fraction of my portfolio.
This is just a punt for me Bud, but the upside was to good to just sit on the sidelines.
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
