These analysts have little to lose and a lot to gain from their pre-earnings calls. 50/50 chance of being right. If they are wrong, oh well... business as usual. If they are right, they are gurus. I say screw them all.
have a feeling that idiot Reynolds is going to be very quietly removed from covering CREE, he has lost all credibility with investors and Jefferies knows that, probably be some new dweeb from Jefferies putting out his opinion in a month or so, once this dies down and Mr. Reynolds is selling pencils on the nearest street corner.