CNP is trading at well below market value. Even dilution of mammoth proportions over time would see the share price restored well above what most of us have paid for our CNP shares.
Remember when GR said that the 4 properties were not sold after consultation with its lenders???
The banks may see a heck of a lot of value in these assets and it gives cred to a debt/equity swap.
We'll have to wait and see.
On the flip side there's really only one to two more pieces of bad news coming potentially...on September 20 and then perhaps on December 15. But if it's bad on Spetember 30, then no news necessary on December 15.
CNP Price at posting:
7.5¢ Sentiment: None Disclosure: Held