Been almost a week since the latest possible compound aquisition.
Stock fell like a rock over 10%.
Futures way up due to Summers and Syria?
IIVI is high BETA.
If we don't rebound some today - and you don't wanna sell for a loss, this may turn into a VERY long term holding - just to get even. Not the way I prefer to invest. I've seen this movie before for years now. I always think it's temporary. Which is why IIVI is my largest holding. Turns out it's a serial issue. Remember the mgmt doesn't BUY stock, they are AWARDED stock and salary.
Like I said I certainly understand strategic moves and long term thinking. But IMO too many aquisitions are being made and they have lost their way.
Another "tell" as this slide has happened. The number of financial institutions and folks following IIVI that get introduced at the annual meeting keep increasing. Yep - the more of them that show up to do business with IIVI the more aquisitions and the worst the stock performs - for years!