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Non-Tech : Bill Wexler's Dog Pound
REFR 5.39-5.3%12:06 PM EDTNews

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To: Bill Ulrich who wrote (8553)5/14/2002 2:17:32 PM
From: Bill WexlerRead Replies (3) of 10293
 
BUYING CNXT in the 8's

No matter how you look at it, the company is trading at levels where people are assuming it's a goner.

I think it goes higher into the merger with Alpha closing ( a done deal). I also think it could trade back in the mid 20's once the semi cycle turns back up (and with the incredible amount of wailing and pessimism out there, I think that day is sooner rather than later). James Cramer at TSC is buying on the same theory, and I think he is dead-on right.

Even if the market moves sideways, the company is STILL grossly undervalued...perhaps by as much as 5 a share.

A no brainer.
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