Top 1%
The one bad thing about MarketGuru is you can't hide your nuts when things are looking bad. All I can do is hope nobody ever reads my posts from 2 weeks ago..
So it turns out MEMC had a Q2 from hell...
the company says it had a failure of a heat exchanger at a production facility in Italy and a fire at its Pasadena, Texas, plant... sounds almost like my excuses to my teachers in grade school, There was a fire in my backpack and the home work is gone!
There is some good news for me though, since I'm down so much on the stock, (20% in the past year) I feel no urge to sell it. The sector is promising, the CEO will probably get canned and I'll wait around for the stock to pick up again.
With the P/E of a donut shop, things can only get better.
http://www.clusterstock.com/2008/7/memc-electronic-materials-blows-up-wfr-wall-street-falls-in-love
http://blogs.wsj.com/marketbeat/2008/07/24/wafer-maker-memc-cracks/?mod=yahoo_hs
Top 2%
shlomi
Jul 24 at 11:39 ET
I have waited enough ... looking for more promising opportunities.
All the best ;-)