VECO – 14.00%The stock’s price-to-earnings (P/E) ratio stands at 2.76 on (NASDAQ)http://www.wikinvest.com/stock/Veeco_Instruments_%28VECO%29/Data/Key_MetricsSEE FOR YOURSELF..
The PE ratio for VECO is the following: Consensus 2010 EPS about $4.50Consensus 2011 EPS about $5.25Forget various sites since they don't update properly. Also the above does not reflect the Elec Tech order for 2011 or any tax rate reduction (which will happen). At a price of $32, the PE ratio for forward 4 quarter EPS is 6.4 assuming EPS of $5. This is a conservative number. CREE trades at about 30 times forward EPS.
Why cry ... I shorted this stock from 45 to 32 and now long 2000 shares at 31.80. This is a casino stock and that is how it is being traded.