Thursday, March 08, 2007

What Took Them So Long?

It feels good to be one step ahead of the "experts".
This is an article I read today about Kemet Corp.:

RESEARCH ALERT-Lehman upgrades Kemet to overweight Thu Mar 8, 2007 9:47 AM ET
March 8 (Reuters) -
Current Prior Rating Overweight Equal weight
Lehman Brothers said the beaten down stock of Kemet represents one of the best values in its coverage universe.
If the company successfully integrates the pending acquisition of Evox Rifa Group , it could post earnings of 70 cents a share or higher a year from now, Lehman said in a research note.
Investors tend to view the maker of passive electronic components as a short-term trading vehicle rather than a buy and hold stock, the brokerage, which has a price target of $11 on Kemet, said.
The shares were up almost 4.5 percent at $8.16 in early morning trade on the New York Stock Exchange. (Reporting by Sreerupa Mitra in Bangalore)

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