CREE is number 3 on a top 10 Over Valued stocks list at
Extreme Value Stocks
Neat, worth your time.
This is a GROWTH stock and they carry higher PE multiples than value stocks. CREE will have increased earnings and upgrades in the very near future. Get used to it LED's are the future and the future is now!
lets see if its there 3 years from now when the whole world realizes that you cant buy incandesant bulbs anywhere, and cree is the leader in led bulbs, #1
one more tidbit, it looks like the smart money is beginning to realize the explosion that can occur to the upside in this stock, as it did on its run to 82 bucks a share a couple years back