The US seems to be in a strong sustained rally. Unemployment unexpectedly fell to 5 percent, the DOW broke 13,000 last night and futures are sitting at 13,125.
This is excellent news for retail and specifically for CNP. I hope that CNP can take advantage of the current vibe and get a deal done early and not subject the market to another 11th hour ann.
If the rally can be sustained in the medium term and the credit freeze starts to thaw CNP also stands a much better chance of achieving sales at or close to book value. That will see CNP, and more importantly for us the SP, reinvigorated.
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
