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Capacitor vendor Kemet (KEM -7.6%) adds to the big losses it saw on Friday thanks to a BofA...
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Monday, May 14, 2012, 11:47 AM ETCapacitor vendor Kemet (KEM -7.6%) adds to the big losses it saw on Friday thanks to a BofA downgrade, which came a day after Kemet posted a FQ4 report featuring a weaker-than-expected gross margin. BofA is worried about a slow margin recovery, execution risk on account of restructuring and M&A activity, higher interest expenses, and macro uncertainty.
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