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MEMC (WFR) Stock Upgraded By Goldman Sachs & Placed On Its "Conviction Buy List"

|Includes: Apple Inc. (AAPL), CSCO, JNPR, LDK, QCOM, S, SPWR, SUNEQ, TSL, VIAV
  • 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 moreshareholder-friendly board are seen as catalysts for "potential value creation." MEMC is hosting its annual shareholder meeting today.

It was all in the charts...Those who follow my blog will appreciate how the stock's PnF chart told the story way before today's upgrade...LOL!

kp

DISCLAIMER: All postings made here are strictly for my personal record keeping and in no way, shape or form, am I even remotely suggesting others to follow my Buy and Sell moves. Trading options is definitely not for the faint of heart as one's portfolio can move up, or down, anywhere between 10%-30% during a single trading day. Feel free to follow my progress here, but PLEASE do not follow my moves. However, if, in spite of all my exhortations, should you decide to do so, be advised that you, and ONLY YOU will be responsible for any losses that you may suffer...In other words, the onus is strictly on you. On the other hand, if the move(s) result in a profit for you, I am open to discussing a split. ;-)

Disclosure: I am long LDK, SPWR, TSL, WFR.