MEMC INT'L. (WFR -NYSE) The Sleeping Giant? Message Board

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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant?

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To: SShuda who wrote (4521)	9/27/1999 8:16:00 PM
From: Zeev Hed	Read Replies (2) of 4697

SShuda, if VEBAcan get any price above the recent rights offering it will be "agood price" from a fiduciary point of view". I do not know how you arrive at your "fair valuation" of $1.8 billions, book is around $7 and with about $70 MM shares or so, BV is $.5 Billions. If MEMC could see profits soon, that would be another story, but Taisil will be hit this quarter with at least a 10% under plan (both due to stoppage and inability of end users to take wafers in for a week or two of the quarter). I think that the market reacts appropriately, and if $14 does not hold, we could go and retest prices around book value before long, IMHO. Zeev

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