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: Zeev Hed who wrote (790)	9/11/1996 1:08:00 PM
From: Carl R.	of 4697

Zeev, I'm still young (in my own mind anyway), so I tend to think in time frames of years, not months. If the semi-equips are any indication, these stocks tend to stop at book value plus a little, up to 20%. That's where we are. I just called in an order for another 300 shares, and I may buy a few more. I am not playing for a short bounce to 26, but rather on the long term fundamentals. If earnings drop to $2, and then gradually recover to $4, the stock will eventually be worth $60 again before the end of the century. Up 3x in three years is an OK return as far as I'm concerned. Heck if it makes it to $47 by the end of the century that is still 30% a year. I'll just put this stock on the back burner and let it simmer for a few years. See you guys in 2000..... Carl

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