Cree, Inc. is a market-leading innovator and manufacturer of semiconductors that enhance the value of solid-state lighting, power and communications products by significantly increasing their energy performance and efficiency. Key to Cree's market advantage is its world-class materials expertise in silicon carbide and gallium nitride for chips and packaged devices that can handle more power in a smaller space while producing less heat than other available technologies, materials and products. Cree drives its increased performance technology into multiple applications, including exciting alternatives in brighter and more-tunable light for general illumination, backlighting for more-vivid displays, optimized power management for high-current switch-mode power supplies and variable-speed motors, and more-effective wireless infrastructure for data and voice communications. Cree customers range from innovative lighting-fixtures makers to defense-related federal agencies.
Cree, Inc. is a market-leading innovator and manufacturer of semiconductors that enhance the value of solid-state lighting, power and communications products by significantly increasing their energy performance and efficiency. Key to Cree's market advantage is its world-class materials expertise in silicon carbide and gallium nitride for chips and packaged devices that can handle more power in a smaller space while producing less heat than other available technologies, materials and products. Cree drives its increased performance technology into multiple applications, including exciting alternatives in brighter and more-tunable light for general illumination, backlighting for more-vivid displays, optimized power management for high-current switch-mode power supplies and variable-speed motors, and more-effective wireless infrastructure for data and voice communications. Cree customers range from innovative lighting-fixtures makers to defense-related federal agencies.
P/E ratio excessive compared to peers and industry.
Reported earning exclude extraordinary items - net EPS same as for 2008. Company indicates need for capital spending to increase production so future earnings growth may be restricted pending completion of the projects. Insiders only selling now.
Bought the Aug 30 Put.
The fundamentals on this stock are not that bad but it has been taking a beating since January with no en in sight. Hope to make a small profit over the next few days.
Incandescents are being phased out in many parts of the world and CFLs have too many problems associated with them, and they contain mercury. LEDs are looking to be the lighting of the future and CREE is the biggest pure play lighting company that specialized in LEDs.
P/E ratio excessive compared to peers and industry.
Reported earning exclude extraordinary items - net EPS same as for 2008. Company indicates need for capital spending to increase production so future earnings growth may be restricted pending completion of the projects. Insiders only selling now.
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The fundamentals on this stock are not that bad but it has been taking a beating since January with no en in sight. Hope to make a small profit over the next few days.
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Reported earning exclude extraordinary items - net EPS same as for 2008. Company indicates need for capital spending to increase production so future earnings growth may be restricted pending completion of the projects. Insiders only selling now.
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