So if it doesn't happen on 12/22, will you finally admit you're full of it. Of course not. This is another one of your statements indicating there's a buyout that can only be proven correct but not incorrect. You NEVER place a stake in the ground where you can admit that you're wrong.
Because it's all made up nonsense.
Have you ever heard of accelerated lifetime testing ? Cree's customers can be damn sure it's bulbs will last as long as they have rated them for.
Does the latest technical action suggest some one that it could be 12/22/14?... and suddenly it got married at $45+ ! ... obviously a lot of float is in strong hands now and the recent zig-zag flattishness to slight-bullishness in the tax-loss selling season in the last 3 weeks (minor vol.) is easily understandable. Now, its simply up, Up and UP away!
Sentiment: Strong Buy
"Heat globes" are illegal in most of the US. Fluorescent bulbs are also a big time heat emitters also. Here in California people have to spend a fair amount cooling their houses from that heat buildup. Also if you've ever owned fluorescent fixtures for very long you'll find out that after about 8 years the ballasts start failing all over. Fluorescent ballasts don't like to be turned on and off very often. Ballast costs are around 1/2 a normal fixture or more to replace.
Then you have the "migraine trigger" that some people get from fluorescent.
There are many reasons that a typical shopper will go the cheap route and the power companies are very grateful especially when you consider the doubling effect of their graduated power bills.
once a very user friendly search and information site? I avoid using this anymore .....its frustrating as hell
This is a ridiculous post. CREE is no where near bankruptcy. Their financials are sound, their management is not. This stock has the potential to recover, but not without some changes.
More ridiculous BS from kathlene. Does this buyout nonsense ever end with you? Just repeating the same thing over and over again doesn't make it come true.
If you knew anything about the January effect, you would know that CREE is not the type of stock that responds to that phenomenon. It's for small caps and CREE is hardly a small cap.
The ONLY thing you've said that has any merit whatsoever is the notion that an activist investor could come along. However, that would come with strings like replacing existing management.
Only strong results will lift this stock off the bottom and I don't expect those any time soon.
Really? Have you looked at their balance sheet? Do you even know what a balance sheet is? They are in good financial shape. You are a typical retail investor who has no idea what he is doing.
HD pps is very high right now ... nothing prevents HD from taking a 10-15% stake in CREE at such attractive valuation currently ... one news like that and CREE will print north of $43. Then activist investors may jump-in and that publicity will easily take it beyond $58. Ideal stock now to gain 20-25% with the January effect alone!
Sentiment: Strong Buy
You're right, CREE will win. I was talking to the manager at my local HD and he was telling me these bulbs are selling like hot cakes.
Cree has outperformed the competition in increasing brightness and lowering costs.
They have underperformed on increasing revenues to increase profits.
Just bought a 100 watt equivalent bulb at HD for $21 (with tax). Only other bulbs in that wattage available was the Phillip long life incandescent which was $7.50 (with tax). There was no sense in not buying an LED once and done (basically forever). CREE will win.
Today they posted :Extreme High Power (XHP) LEDs, a new class of LEDs that enable a system cost reduction of up to 40 percent for lighting applications. Good news always drives down cree's stock price. Nobody believes that any good news will drive up the price. Time for management change!