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 (3607)	7/8/1998 11:42:00 PM
From: hcm1943	Read Replies (1) of 4697

Zeev,why are you comparing WFR to IELSF.If it is a poke at me and my call on WFR lets get back to business. I dont think WFR will rally at all this calender year. Oh maybe to 13 or 14 as some brave people take plunge but with tax selling and nothing to look forward to in the way of earnings we shouldn't see much more than that. As for book value that is nonsense. the major HARD asset WFR has are a few hundred pullers, slicers and polishing equip. so rather than value them at what WFR paid less depreciation why not value them at what a reasonable person would pay for them in a time of weakness, also as earnings go negative and writeoffs occur due to shutdowns and layoffs book value takes a helluva hit. WFRs major competition is in Asia. With the dollar vs Asian currency and the a propencity for the Asian to get market share with "preditory" pricing WFR is in a very precarious position. As I have said before, "DEAD MONEY'

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