Is it time to buy cable stocks, which have been beaten down for so long? Business 2.0 and CNN/Money columnist and long time friend, Paul La Monica thinks so. In his latest column, he argues that the market is making too much of the DSL threat. Richard Greenfield, an analyst with Fulcrum Global Partners tells Paul that the three big Bells reported a 25 percent decline in net DSL subscriber additions from the first quarter to the second quarter. “Industry declines in broadband subscriptions are expected because of seasonal factors,” La Monica writes, “But Greenfield is predicting a smaller percentage decline — 15 percent — for Comcast, Cox and Time Warner (TWX), which, in addition to being the parent of CNN/Money, is the owner of the nation’s second largest cable firm.” As an insanity check, cable stocks are off 20 percent year to date, while Bells are down mere 5% on the year, despite making massive price cuts in order to gain market share in the Broadband business. Rob Sanderson, an analyst with American Technology Partners, expects annual cash flow gains in the high teens for the next few years. While he does not expect an instant rebound, Sanderson thinks that they are compelling long-term values.