Total cash 1.02B, Total debt 0
Been that way for a long time.
Mgmt has still had trouble executing in this new market(LED) and the PE is usually way high.
Also the no debt is likely what caused the drop in the stock to stop and what just above a third of what it had been.
You have to make money at some point. And not just pander to the administration for handouts and sweetheart deals. They have made progress certainly.
The question is if the copycats can make "good enough" at a low price as this gets commoditized. And if there will be a premium market and if CREE can stay at the top of that niche.