"Mr. Davis thinks the lower valuations will provide takeover opportunities. “We want to build a diversified, mid-cap company,” he said."

Which means people like he and his ilk will not be giving away money to "take" these companies. It will require a disciplined and informed investor base in a given company, that is not in financial trouble, with a stellar resource to hold their own to get the greatest value for shareholders. There will be a lot of big fish swimming around in commodity waters. At the moment they're not feeding that voraciously. Still more time to demoralize investors. It's very easy to get caught in the potential of a stock and vary easy to (want to) overlook the market and it's declining productive activity with corresponding job loss etc..

Let's see not from 23.5 to 40...... a 70% rise.....back to 25.....a 37% drop.....and counting? It could go up....or it could go down. When to sell and buy that is the question. We wait to see.

......but I have a good feeling about where NOT is going with the new CEO. It still will depend on what you paid for your shares.