The semiconductor industry had a little weakness late last year, replies Gareeb but it’s recovered quite handsomely. He adds wafers have sustained 10% growth for the past 15 years. In addition, silicon is used to make solar cells which is growing at 30% a year.
Eric Bolling says 63% of WFR’s business is outside the US and asks Gareeb where he sees growth?
In solar, replies Gareeb. And the largest customers for solar are outside the US.
Tim Strazzini asks if solar is repeat business or an infrastructure build?
It's both he says. And based on growth forecasts, by 2015 it will only be 2%-3% of the world’s energy supply. So even as an infrastructure build, Gareeb expects demand to remain robust.
Dylan Ratigan asks the guys what they think of this stock?
Eric Bolling and Guy Adami both say the stock is a buy. Tim Strazzini thinks shares might be a little rich, though he likes the company. Jeff Macke thinks WFR has a nice tailwind.
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Trader disclosure: On May 9, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Strazzini Onws (CMLS) Bolling Owns (NMX) Gold, Silver, Sugar, Coffee Bolling Is Short Crude Oil