Carolina Power & Light Co. (CPWLP.PK)

Carolina Power & Light Co is headquartered in North Carolina. Company Carolina Power & Light Co is currently trading under the stock symbols CPWLP.PK and CPWLP.OB on the Pink Sheets and Over the Counter Bulletin Board (OTCBB), respectively. There are significant risks associated with investing in Pink Sheet stocks, we advise that any story you may have heard about this company be considered with extreme scrutiny. Because the shares are quoted on two exchanges, it is possible that this company may have some of the exchange risks on the pink sheets mitigated.

The miniature company has just 2 employees. The company might find it difficult to withstand competition due to the lack of work power. You should give important consideration with regard to the number of people at the company, when you are evaluating an investment opportunity.

On Dec 30, 2009 the share price of the company reached $73.00. At the moment, the share price is 27.72 % lower than its 52 week high of $101.00. Although this still may be a pennystock by our definition, the share price is at the higher end of the range for a pink sheet company. The stock is hitting new 52 week lows. Counter-trend investors might find this an opportunity to buy some of it. But such an approach may not always be successful. The stock trades at insufficient volume, thereby making it subject to possible market manipulation.