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Cree, Inc. Message Board

  • threadogg threadogg Mar 22, 2013 4:46 PM Flag

    PE. going higher folks!

    When CREE runs it runs hard, all the doubting shorts and worry warts on this thread don't understand this company is suddenly quite an attractive takeover candidate. Price is trying to reflect that even more than the eps. The GS projection to 70 was fair mkt valuation vs the takeout price of other recently acquired LED companies. CREE is a more valuable than those by far. The bidding war is in the initial stages. The revenue ramp is on more solid footing than at any previous period in CREE history.

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    • GE could have bought this dog for $50/share in the last two years. Likewise, Cooper Industries, Hubbell and Acuity all thumbed their noses at this POS. Why? Because CREE is the high cost producer in this field. If Home Depot sold CREE bulbs are so profitable, then why isn't CREE buying advertising on Fox News? Oh yeah, CREE overpaid for Rudd and earnings growth should be much stronger given the volume of sales Ruud brought to the table. I guess many contractors dumped Ruud when CREE bought them. Isn't that the reason Ruud set up an independent web site to sell non-CREE light fixtures?

      • 3 Replies to jcreamer007
      • I've stated similar here for years. GE isn't interested. If anyone actually does any research they will understand this.

        It's more about GE's future direction that the value of CREE's IP.

        Phillips already made a purchase in this space a few years ago.

        I've never cared for CREE mgmt and have posted that here a lot. And when the time was more appropriate they concentrated on golden parachutes and things like that rather than a sale. They were thinking strickly of themselves. Here many years later some of this value is finally - almost accidentally - rolling down to shareholders.

      • LEDS doesn't make light bulbs. Lighting Science doesn't seem to have good management and you make no mention of Sylvania, Philips or Samsung who do have vertically integrated operations and have cross licensing agreements with CREE.

      • GE et. al. could have bought Cree in the last two years if it were for sale. Other companies have much higher costs to produce LED lighting, e.g. Lighting Science, LEDS. Cree does not have to advertise their new bulbs. The techie press is doing such a good job that backorder persists. When it comes time to advertise, I think Cree will go to the "Mainstream Media" rather than Fox News. Fox News is the home of those who are concerned that the Feds are going to ban the 100 year old energy wasting incandescent lighting they love so much.

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