This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

8 Stocks Under $8 With Upside

2. MEMC Electronic Materials (WFR) manufactures silicon wafers. The company operates in segments such as semiconductor materials, solar materials and solar energy.

Net sales for the first quarter of 2011 was $736 million, up 68% from the first quarter of 2010. Sales were robust across all segments, particularly from Solar Materials and SunEdison.

Japan's devastating earthquake and unfavorable legal settlements affected earnings during the first quarter. MEMC reported net loss of $4.5 million for 2011 first quarter vs. a net loss of $9.6 million in the first quarter of 2010.

Capex for the first quarter was $205 million. With cash and cash equivalents of $684.1 million and operating cash of $225 million at the end of March, the company is comfortably paced to fund its capex program. MEMC is making investments in solar wafer capacity, semiconductor wafer production and poly-silicon capacity expansion. Analysts expect an upside of 75% in the next year. The stock is trading at 6 times its 2011 earnings.

7 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
LCC $0.00 0.00%
WFR $0.00 0.00%
AAV $6.17 1.30%
AMKR $7.01 -1.50%
DAL $44.25 -2.30%

Markets

DOW 18,035.70 -34.70 -0.19%
S&P 500 2,106.20 -8.29 -0.39%
NASDAQ 4,970.0880 -46.8410 -0.93%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs