Merck KGaA Seeing clearly

Everyone and their dog looks set to replace their clunky TVs with giant liquid crystal displays (LCDs) once the price is right. And prices are dropping fast. So does that make it a good time to invest in LCD manufacturers? Not likely. But there is one good way to play the boom. Germany’s Merck KGaA has a near lock on making the liquid crystals needed for flat-screen TVs. Moreover, Merck may be a bit undervalued. Making LCD TVs is a terrible business. The newest factories can produce larger scree...