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: Scotsman who wrote (2814)	12/18/1997 6:17:00 PM
From: All Mtn Ski	Read Replies (1) of 4697

I don't know if I trust companies that buy back their stock anymore. LSI Logic announced all these great things like a Gigabit chip deal with CSCO and a 5 million share buyback just before their latest earnings report, saying it was "Undervalued". Once the earnings came out they lowered their forcast for the next QTR and EPS, and the stock has since dropped 30%. Is it "Undervalued" now? Nike just released dismal earnings and a weak forcast for the year, but they are buying back $1 billion worth of stock. Do these companies make these announcements knowing some bad Sh*t is about to hit and their stock is REALLY going lower. Is it really a "Warning" to its believers? Having loaded up on MEMC stock, I really hope this is not the case with WFR. Tom

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