I guess the reason no one has answered your post is that:
"history doesn't always repeat itself."
Your point may be well taken but I surely wouldn't base my investment $$ on it.
If I remember correctly you posted some negative IIVI post right around year-end. I would think you would be happy now that the stock has dropped. You're a hard one to figure.
I like your post about PE range. IIVI is located about 7 miles from where I live. neighbor across from me goes to church with some of the mgmt. I know he had the stock at one time. next time I see him I'll ask what's up. It's alwasy been a well managed company. I know they built another bldg within the past yr so maybe add'l expenses have hurt the bottom line.
Late spring when IIVI dropped down to same area I actually bt some at 14+ and made a quick pt or 2. Then I found RSTI and glad I did.