Rockwell-Spins off Conexant (CNXT) Message Board

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Technology Stocks : Rockwell-Spins off Conexant (CNXT)

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To: The Ox who wrote (1948)	11/13/2001 10:48:16 AM
From: MeDroogies	Read Replies (1) of 2013

The problem with that dope is he thinks bear markets are forever. All contrarians do. Anyone with any intelligence needs to review the sector as a whole and recognize the current bad times are a period of opportunity. CNXT is relatively healthy and well suited to continue to be a leader in this field. The bubble is gone, but the strong companies will grow. The first wave of bankruptcies and difficulties are past. The second will begin in early 2001, but will be less painful. Consolidation is already beginning. War isn't, and never was, imminent. Terrorism isn't a threat, but rather another opportunity. As interest rates continue to decline, companies are offered increased opportunities to refinance their debt, or take out more debt at rates that will be below inflation. All growth goes through cycles. The last one was protracted and large. The next will be slower, but longer. The one warning light is deflation...but I saw that warning light 3 years ago and it turned out to be short lived. There is no reason why it won't be different this time. Revolving credit is being reduced, savings rates are no longer falling, and inventories are shrinking. There's a point where it all reverses itself.

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