Who is paying so much to buy CREE ?
It is hugely over valued. The PE is 115. A simple example is someone wants to sell you his store. It makes $100,000 a year and it has "great potential". What is the price? 11.5 Million dollars!!! Interested? Not me.
Persons who like to make money.You pay for growth. It is not a difficult concept shorty.
fundamentals don't matter. this is a casino.