This Stock Is Ready to Bounce

09/29/08 - 02:17 PM EDT

Stockpickr Guest Columnist

Updated from 11:39 a.m. EDT

By Stockpickr Guest Columnist Notable Calls

MEMC Electronic(WFR Quote - Cramer on WFR - Stock Picks) got some very bullish analyst commentary last week, despite warning to the downside after Hurricane Ike struck its facilities in Pasadena, Texas.

RBC Capital and JMP Securities upgraded the stock, and Kaufman Brothers reiterated its buy rating.

I continue to view MEMC as a coiled spring, ready to boost higher on anything positive. I suspect it would take just one good quarter from the company to send the shares in the $40-plus range.

Read more about these analyst calls and my take at Stockpickr.com.

This article was written by a member of the Stockpickr community. Stock recommendations and comments presented on Stockpickr.com are solely those of the members quoted. They do not represent the opinions of Stockpickr.com on whether to buy, sell or hold shares of a particular stock. Members should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal or corporate ownership, may influence or factor into a member's stock analysis or opinion. All members are advised to conduct their own independent research into individual stocks before making a purchase decision. In addition, investors are advised that past stock performance or portfolio performance is no guarantee of future price appreciation or performance. Furthermore, Stockpickr.com does not guarantee the accuracy or completeness of information on the site, nor does Stockpickr.com assume any liability for any loss that may result from reliance by any person upon any such information or recommendations. Such information recommendations are for general information only.
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