MEMC Electronic Materials, Inc. (NYSE:WFR)
CAPS Rating:
The Company is a worldwide producer of wafers for the semiconductor industry.
The Company is a worldwide producer of wafers for the semiconductor industry.
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Recs
Stock has seen its lows - just announced layoff/restructuring, insider buying and good time to buy as everyone hates the solar industry and the semiconductor industry is looking bad as well. Not a long time hold of course
Moody's rating drop, continuing problems and solar industry ongoing problems. Heavy debt load is also an issue - time to let this one go since market is due for a pullback. Chart also is negative.