They're not going to change management. Everybody knows once they have a quarter again where they beat by a good margin, the stock will go up 25% in a very short time. The reason why the stock has in fact recovered to $35 is because the anticipation that 6 months down the road, the company will be doing better, just my opinion. This is one of those stocks that could go back to $60 if they put together 2 solid quarters because it's traded as a momentum stock, both up and down.
If he was on the other side from the 60's he did good. He should take his winnings and look elsewhere, or even bet on a nice long CREE upswing. SO many potential news events that could kick this in the positive direction. Like better management, that would be news.
Was wondering why the repurchase program had no effect on the stock price. If this was near the highs it wouldn't be so bad. They have no conscience for shareholders.
Nope, haven't covered. Just busy travel schedule for work. Won't be posting much until next week.
mothra---everybody on this board wants to know all there is about you and your manly experience. Keep the interesting news coming about yourself. Thanks. Not sure how any of it will have an effect on CREE's performance or stock price, but I'm sure it will be good for everyone to know you as well as possible.
mothra---You are talking about irrational institutional investors, right? The same investors who rely on analysts to do the great job you expect them to do in understanding the strategic importance of corporate strategy in a high growth industry where what happened last year or last month means very little compared to what is going to happen next year. I understand your theory on analysts and what they do---what's your theory on what a "bubble" is? Have a nice manly day.
mothra---I know you're against anyone blaming the CEO for the price of CREE shares, since you've said it several times. BUT, are you also going to hold him accountable for paying $50+ for buyback shares? Just what are you holding the CEO accountable for? I'm not sure I've seen your take on that. How do you feel about his hires? How do you feel about his early warning on earnings when he didn't even hit the numbers he projected when he actually had about 95% of the data at his fingertips? Does he not understand where the profit levers are in HIS business? How can he be so wrong on what the company produces on a financial basis? You have no problem with that? Why is it that Kathleen is a bigger issue for you than the CREE CEO's performance? What's your real agenda?? Have a nice day, manly man.
mothra--Do you believe in fairy tales, too? It's great that you understand the theory of what analysts do on a daily/weekly/monthly/quarterly/annual basis. The manner in which they change their recommendations based on a current stock price though is almost laughable. One sees on an almost daily basis the security analysts' failings to adhere to your theoretical role. When they can't get guidance from a company they are supposed to be following, MOST of the analysts are lost. I've seen it up close and what most of these guys know about the lighting business is laughable. Listen to some of the quarterly conference calls and see what kinds of questions get asked. If you listen to enough different company calls, you'll hear so many stories you won't be able to figure out which one's the truth. So, mothra---listen to some calls. That's what manly men do. Have a nice day!
You obviously don't know the background of who you are talking to either.I do have an extensive finance background and that is why is it obvious you are just spouting folksy anecdotal information that has nothing to do with making smart investment decisions.
mothramothra: Grand-son, and you are telling this to some one whose grand-son might have a PhD in Finance from an Ivy_league? LoL! Not that I want to say much more about self... but since you asked... if just knowing finance-theory perfectly would have allowed one to make money in the markets, all Finance Professors would be billionaires ... no? Think some grand-kid! :-)
Kathlene, your posts are nonsense. It is totally obvious you don't know any thing about finance theory.
indexit: Did you bet big on some position and lost big? I don't know about you Sir, but you often post some childish stuff. There were numerous TSLA short-term trades I completed. Recently, 3 out of 4 closed out green for me. Yes, one long term one is still open, but showing signs of going +ve any time soon. I did buy CREE in 2013 at 51 and sold out at 74. Now CREE is clearly oversold, and should touch 60 at least, at some point in the next 12 months. That's great gain for my holdings. Name calling won't help grand-son... go learn some, in the school of civilization and about trading and investing and differences in the strategies! LoL!
Sentiment: Strong Buy
There are large trading houses out there who do this daily. There are trading algorithms which are written to do just this. Some use proprietary decision points but this is where wall street makes their money. Manipulation of stocks is rampant. NFLX, PCLN, TSLA, and any other where the p/e is exorbitant yet the valuation is very high due to constant pressure against the short interest.
" Buy on this great opportunity of temporary weakness "
Sure, as soon a Cree articulates a plan that can increase sales and margins.
Nonsense. He knew the company policy. No one forced him to work there. The large majority of patents don't produce any profits and it's extremely difficult to identify the ones that will. That's why companies obtain a large number of patents based on their employees' ideas. There is also the ever-present risk of the emergence of a superior technology that will render an existing patent irrelevant.
I told you to stop[ posting you are clueless on every trade you make. Buy cree 50, short feye 25. Your an idiot who knows nothing about the market. How is your tesla short under 100 doing?