Brett Hodess Previous Quotations

This should preclude valuations from retesting previous troughs of this year, making the stocks very attractive following the pullback of the past week.

The direction and level of the book-to-bill have been well anticipated by the market in our opinion. Thus, we expect little impact on the stocks from this news. Once the order reductions begin, they have continued for an average of nine months in previous downturns, in a range from seven- to- 10-months from peak to trough orders.