Unfortunately I knew this would happen to CNP. Bad news on write downs saw it drop even though underlying business is ok.
One thing good about it - all the bad news is now out there in the market. Reflective in share price.
Pretty much only upside now. Next step - recapitalisation announcement will see substantial increase in share price. This will be seen as the company all fixed up. Numbers will be crunched on new profitabiltiy (ie, taking into account loss of revenue due to asset sales). Refinance takes place etc.
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
