Christopher Edmonds chatted on AOL's MarketTalk, hosted by Sage, on Monday, June 25 at 10:30 a.m. EDT.

Comment:

Live from Atlanta, Ga., please welcome Chris Edmonds, contributing editor,

TheStreet.com, Inc.

Chris can answer questions about the markets, funds, utilities, and the wheelings and dealings of

Warren Buffett

.

CSEonTSC:

Great to be back -- lot's going on this week -- the Fed, pre-announcements and the like ... let's talk about it ... and remember, there is more to this market than just tech. All is fair game...

Question:

LU, will it ever see the light of day?

CSEonTSC:

Good question -- couple of manufacturing plants in the news this morning. It's been tough.

The real problem with Lucent, ahead, is innovation. The people I talk to in the biz tell me that companies like Nortel have such innovation advantages over Lucent.

They have a very tough road ahead.

Question:

Cien ... buy hold sell?

CSEonTSC:

I probably would wait -- I don't think I want to be the first. If I lose a couple of points on the upside, so be it.

Question:

Which company is capable of being the catalyst to tech by coming in and beginning spending?

CSEonTSC:

Good question -- I think it is sectors, not companies, and I'm not sure the visibility is clear enough to know at this point. Ask me next month and maybe I'll have a better feel after earnings and outlooks become more clear, or cloudy as the case may be.

Question:

Do you follow SNDK? Today it had a 35-cent spread on the bid and ask. What does that mean?

CSEonTSC:

I don't...

So, I'm not sure -- it could mean a lot of things ... I'll leave it at that.

Question:

Is MCIT a buy?

CSEonTSC:

I think I'd leave it alone -- tracking stocks in a tough market make for tough sledding, more often than not.

Question:

What do you think of Mills Corp?

CSEonTSC:

Real Estate Investment Trust (REIT) focuses on destination centers, typically large centers with off-price retailers and entertainment. Flagship outside of Chicago and a nice property south of DC. That said, the company faces a very tough capital struggle.

CSEonTSC:

They have a huge development pipeline and the cost of capital to fund it keeps going up. I've written a lot about Mills on

TheStreet.com

. Check it out. There are better plays in the retail REIT sector.

Question:

Chris, when does CEG split into 2 companies?

CSEonTSC:

The date isn't certain yet. I think there is a bit of waiting here until the uncertainty in all of the unregulated power cos. begins to subside. It should happen this year, however.

Question:

Would you continue to hold LU or bite the bullet now and take the loss.

CSEonTSC:

Sometimes you have to toss the maiden into the volcano, as

Jim Cramer

often says.

That's a decision you have to make, but it is a name I'd just as soon forget about and remove from my screen.

Question:

Opinion on FWC? Thanks.

CSEonTSC:

Interesting infrastructure and construction play. I prefer to play in other names --

Shaw, Halliburton, Fluor -- a few names JJC likes as well, seem to come to the surface more often.

Question:

Best pick for 12 months out?

CSEonTSC:

Good question -- I'll answer a bit nebulously. I think you will begin to see rebound in some tech names by then and, hence, if you play the contrarian game you might look at the real beaten down names there -- I think you have to do some very thorough credit analysis.

A more mainstream look would be to take a stand in some of the recently battered energy names.

I think the gas story gets better and that means you see some movement in the E&P names -- but, as the last six months have shown, you have to be nimble in those names. A couple to key on would be EOG, MND and APA.

Question:

What's your opinion of Broadvision, at its current price? Buy, sell, hold?

CSEonTSC:

I wouldn't go there; let others lead the way -- once a turn is clear, you'll have plenty of opportunity in the names.

Question:

Chris, are natural gas -- and EPG -- near a bottom? What time is good to buy? What about the oil producers, drillers, etc?

CSEonTSC:

El Paso faces some issues in California still, but the stock looks cheap if you believe the natural gas story.

And, I do. I think I favor the natural gas plays over the oil plays currently from a value perspective, although I think you need to be patient through earnings and buy the dips here.

Just look at the charts of the XOI and XNG and you'll see the relative underperformance of gas in the first half of the year. The drillers are trades, and I like the capacity argument that demand will drive rig prices, but it hasn't translated into real stock growth yet.

That baffles me a bit.

You need patience in this energy tape. While Friday's reversal was nice, it hasn't held this morning, and that probably means a fair amount of chop left in the trade.

Comment:

Thank you for joining us today, Chris! We have been speaking with Chris Edmonds, contributing editor,

TheStreet.com

.

CSEonTSC:

Great to be with you as always -- I look forward to seeing you all next time.

Until then, see you on

TheStreet.com.

Invest Wisely!