400 million/85.6 shares =$4.67 cash per shareCash now makes up 18.4% of Cree's stock price. At this pace they can miss by .03 every qtr, and increase cash by 100 million every qtr. all they want, they have my vote.Anyone want to bet that Perkie thinks that Cree is worth $3.
I think, It makes CREE looks like a good buy out at these levels. Company like GE or others may come out and buy it out right around $30 a share. What do you guys think?I think we made a low for 2008 today?Good Luck.