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Non-Tech : Secret Squirrels hit!

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To: Wayne Rumball who wrote (1161)10/1/1998 9:04:00 PM
From: Tom Swift  Read Replies (3) of 12872
 
RE: MEMC (WFR)

I mentioned this stock before and the consensus then was to wait for the bottom to form. I find it hard to believe that it is this low, $3 1/8, and have to believe that the bottom is near.

The projections are dismal for the next year, but the important point is that the MEMC plants represents a significant amount of the world's silicon wafer supply. When the semi sector rebounds (as I believe will happen) MEMC or a possible successor will do well.

The parent company has denied recent sell-off rumors and has extended MEMC better credit terms.

semibiznews.com

I am getting ready to back up the truck for a long-term hold on this one. What do you guys think?
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