MEMC INT'L. (WFR -NYSE) The Sleeping Giant? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bruce A. Thompson who wrote (3836)	9/28/1998 5:13:00 PM
From: Zeev Hed	Read Replies (1) of 4697

Bruce, not so fast, they have only about $16 MM in cash and they have $110 in short term borrowing. Their book is indeed $12/share, but unless their sales rapidly go above about $275 MM quarterly, they will continue to bleed. The "concessus estimate is for a loss of $4 next year (close to this year's loss) thus their book will be reduced to $8/share, they will have to borrow an additional $100 MM or so, if indeed they'll lose $4/share in 1999 (I just cannot see that kind of a loss, since sooner or later, someone will have to fold, and I do not think it will be WFR). The point I am trying to make is it might still be too early to jump. I suggest and see where the next October massacre gets us before jumping with two feet. Zeev

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next