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 (3803)	9/16/1998 2:09:00 PM
From: Mark Oliver	of 4697

My question was what do you all feel is the revised book value. If MEMC is burning cash and assets are perhaps less valuable as over capacity would naturally imply they couldn't sell it for what they paid, it would seem that in the real world book value would be falling pretty fast for this company. I can look up book value here for example. stocksheet.com They say book is about $12 which is actually based on a balance sheet as of June 30, 1998. Today, we saw a low of $4 5/16 and at the moment it's trading around $5. So, price to book is .36 to .42 which seems very low. If we see the price fall to $3 as someone suggested, that would be .25. If we feel confident in this Book Value, is there a floor on how low this stock can go? How quickly is book value falling as they continue to loose money? How much is book value supported by the parent company? Regards, Mark

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