|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.