The events of the last two weeks have moved CNP to a Page 16 read. Banks have far more important issues to deal with in restoring global liquidity than worrying about a large shopping centre that can met repayments, but is currently unable to roll over its financing.
Given the spotlight has been taken off CNP, I believe CNP could well balance from the current levels of 7.6 cents.
CNP is not without risk but may provide a short term bounce to high 9's or even break 10 cents.
With this in mind I have re entered for a small trade.
Regards
Buffett
PS CNP is highly speculative so please do your own research very carefully.
no longer page one story
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