Anyone remember Burns Philp...they went down to 3cents..and when the company stabalised it was $1.15...it took a while...mind you they had problems which CNP has not...cnp NEEDS TO REFINANCE and have one great positive...a hugh CASHFLOW...so I bought as that is what lenders want to see...CNP may even get that money as the world is awash with cash..not worried about a divident as that cash maybe needed in 2008...as far as going down the tube..I dont think so..as BANKS and lenders would get badly burnt...I would say that the large shareholders would ask management if they could help...as I feel Maquarie jumped the gun...maybe a junior adviser pressed the sell button...as I am sure that even in todays market..commercial property are desirable assets..and after all that is what CNP has..I am happy to hold
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held