So relative to other chemical companies, I think the US producers are relatively well positioned. But relative to other industries, which is the way an investor would look at this, these companies are not well positioned relative to a lot of technology sectors and other high-growth areas. We do not have anyone from the buyside to comment on this Roundtable, but Paul made a comment about these companies not looking well in this investment environment. I think as much of the performance can be explained by the change in the investment environment as it can by the companies own internal performance. I think a lot of these companies are performing as well as, if not better than, they did a decade ago, but the investment climate is much tougher these days.
Mutual funds are much, much larger in size and demand larger cap stocks.
One is that we re approaching a trough in the commodity cyclicals, which has been reflected in pretty big sell-offs in Dow Chemical stock, for example, and I think the odds favor some significant recovery. It might begin a little bit earlier than late 2002, as Paul alluded to earlier. There is an emerging consensus that 2003 could be a peak earning period for many of the basic stocks, and I think the stocks would peak in 2002. In addition, there are new economy stories emerging within some of these old economy companies. Cabot Corp. has been a great performing stock over the past year and we continue to recommend them.