I suggest a tutorial in basic grammar. That being said, the reason the P/E is so high is because the company is growing at such a fast pace while at the same time the USA Federal government (among other world governments) has policies favoring low-energy lighting which will basically guarantee this growth trajectory. The cost savings to consumers switching to LED home/office/factory lighting is large and every month it gets even larger. Also, soon flashlights will only be available in LED models, since they extend battery life 10x and remain at full intensity until the batteries die. CREE is a leading player in a leading market. A buyout ? I don't think that will happen, both because the price premium will be so high, but the anti-trust people will get too excited.