the stock is trading at P/E of 15 for next year earnigs.this is the lowest P/E of its trading range
Post market closing release will result in sell off in AM. Downward adjustment in revenue and earnings for next fiscal year is ugly. My guess... someone had insight that resulted in yesterdays abnormally high trading volume!Post Christmas sale pricing tomorrow for IIVI believers.
no actually i think it will be upthe earning cut was due to facility costs and not sales slowdown.bad news is factored in price