likelihood of extensions beyond sept08

I think this is a given now....

The other CAWF properties will be far easier to sell and will probably sell at or even above book.. Times are looking much better for CNP.

We just need to hold on and wait. A few more sales and the rest of the short term debt will be refinanced.. In a year or two all this will be a distant memory.

At these prices and at the significantly less risky debt levels now the stock is an absolute bargain.