MEMC Electronics (WFR) reported earnings last night and gave guidance that was disappointing at best. Management continues to talk about production problems at its Texas poly plant, but then they also said that demand "is a bit weaker than typical".Well, which is it? Is it a supply problem, or demand? I had owned this stock for a couple years, but sold it last month after becoming frustrated with what I felt was poor execution on the part of management.Spot poly prices are high, and they signed some good contracts, but I began to hear more about buyers [...]
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[Source: The Money Blogs]
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