Well said Aras.
The current SP clearly reflects bankruptcy. In an ideal world, CNP would settle the lawsuit sub $100m, then market responds with increasing SP. Next should be long term extension 2-3 years and SP will rebound further. Finally, recapitalisation occurs at close to fair value given the gloomy economic outlook. Some debt would then be paid down and all stakeholders would be happy.
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Well said Aras.The current SP clearly reflects bankruptcy. In an...
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