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Hello! I just signed onto this sight, and was surprised that there were no postings on MEMC. This company trades on the NYSE. They make @24% of ALL the silicon used in the world. You name a BIG company & if they need silicon wafers, they know MEMC. The company was part of Monsanto until 1989, when it was sold to a German conglomerate VEBA-AG. The stock came public in July 1995 at the IPO price of $24.00 The first trade was $27.00. Since then, it has fluctuated between @$22.75 and $40.00 . I guess what I find unusual about this company is that only J.P. Morgan and CS First Boston follow them. No "retail" brokerage firm covers MEMC, thus I believe, it's unknown status. I MUST tell any and all who read this, that YES, I do own the stock. I must also tell you that my opinion and 75 cents will get you a soda out of most vending machines.8-) Currently, MEMC has expansions well underway in Korea, Taiwan, Texas and their HQ in St. Peters, MO. They have long term agreement with TXN vis-a-vis the Texas plant. Other long term agreements/partnerships are being negotiated. Whether the agreements ever materialize is anyone's guess. The company's earnings are due out after market close Monday, Jan. 29, 1996. In the previous quarter, the 2 analysts that follow the stock had predicted 54 cents. MEMC reported 72 cents. This time, they are predicting....in the area of 64- 71 cents. Anyway, I was wondering...anyone else on here ever watch this company? | ||||||||||||||
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