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: Daniel Simon who wrote (4664)	10/23/2008 4:36:43 PM
From: Daniel Simon	of 4697

Beat the top-line, missed the bottom line. 80 cents/share actual (published estimates 88c) up from 65c last year. Considering IKE knocked a TX plant off-line for a few weeks, I can live with the earnings miss. Shares are down more than 50% in the quarter! $7 million take or pay charge (3c/sh) might be reversed in the future. Guidance seems solid to me--maybe conference call will add to this. They seemed to pay a pretty high price for the shares bought back ($40+?)...must have done all the buying in july/august. Too bad...but I "assume" if they were buying at $40 they will buy more at sub-$20.

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