It's the lack of investor confidence in CNP that turns me away. No matter how many times I tell myself that CNP has potential, the market turns off it.
Centro has a lot of hope, and slowly they are working things out. The Centro PR machine is useless - and that's where I think the biggest problem is. The business is starting to recover, but the market doesn't think they can pull it off in time. Centro PR should be talking the company up as much as possible to drive up investor confidence.
Today's close of 0.31 (looking to be that) is not a good sign.
Looks like tomorrow we could be in the 20s again. I may buy in again (so cheap at this rate) but I'm still nervous about doing so.
CNP Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
