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Goldman puts MEMC (WFR +5.2%) on its Conviction Buy list and raises its PT to $10 from $8. The...

Goldman puts MEMC (WFR +5.2%) on its Conviction Buy list and raises its PT to $10 from $8. The firm assigns MEMC a sum-of-the-parts valuation of $11, including a $5 valuation for its chip wafer ops. Rising chip industry multiples and a more shareholder-friendly board are seen as catalysts for "potential value creation." MEMC is hosting its annual shareholder meeting today.
Comments (2)
  • charliezap
    , contributor
    Comments (1222) | Send Message
     
    WFR bottomed at $1.44 in the past year. I'm in at under 3. Now Goldman "discovers" it!
    30 May 2013, 12:47 PM Reply Like
  • WPSPIKER
    , contributor
    Comments (1146) | Send Message
     
    Well I'm glad Goldman finally see's what I did 2 years ago when I first bought a few shares at the 8 mark, I kept buying down into the 2 & under range doubling down. :D things are looking up for this one as I was starting to re-investigate them for a probable exit point. When doing so I was thinking it still could get back into the 9~10 range and it's parts were worth a bit more than what Goldman came up with.

     

    Mark
    30 May 2013, 11:17 PM Reply Like
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