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Bull of the Day

MEMC Electronics (WFR)

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By: Ken Nagy
November 25, 2009 |Comments: 0
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WFR

MEMC Electronic Materials, Inc. (WFR) produces the raw material wafers used by semiconductor manufacturers in the production of integrated circuits (ICs).

The decision to supply wafers to the solar industry paid huge rewards in 2007 and 2008, as demand for polysilicon raced ahead of supply. The Solar business and the 300mm business are both high-margin products. The spot price of polysilicon has been slashed from a peak of $400 per/kg to the $60-$70 per/kg range.

The stock is significantly undervalued. We are reiterating our Buy rating on the shares of WFR.

MEMC Electronics (WFR) : FULL ANALYST REPORT

Bull of the Day
Every day we feature one stock with a Zacks Recommendation of Buy that is set to outperform over the next 6+ months. We also provide you with free access to the in-depth research report on the stock. If you would like to see all our Buy rated stocks and in-depth research reports, then check out  Zacks Premium.

Read the full analyst report on WFR

 
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