Get ready for a another round of Kool-Aid from Veeco management and their investment bank Analyst shills.
In the spring of 2011, we were told about how wonderful the outlook was for Veeco, while management was dumping shares big time.
Then we were served up another round this spring about the inflection point in orders and 460 MOCVD tool shipments next year, LOL!
Turns out things are bad and getting worst as one Chinese LED company after another goes down and AIXG is cutting prices for their tools to regain loss share.
Goldman Sachs, Barclays and others have recently dramatically cut their MOCVD tool forecasts for next year to 350 or less.
BTW, don't count on sales from disk drive customers to prop Veeco up like this spring, with PC sales crashing they ain't buying anytime soon.
Insiders are still dumping shares and insitutions have sold over 11 million shares recently:
Can't wait to hear how Peeler puts lipstick on this pig!
May I ask: Are you shorting this stck? What is your stop loss target? G.