Recent

% | $
Quotes you view appear here for quick access.

Cree, Inc. Message Board

  • johnmarch13 johnmarch13 Aug 19, 2013 6:12 PM Flag

    After the fall today - I dumped it in AH's.........

    After looking at the chart and the company out-look, I did not want to ride this down to $20 again. I will take the loss today as a learning exp. GL longs.............

    Sentiment: Sell

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Maybe you should buy mutual funds instead. Cree had a great quarter. The larger LED products segment turned in excellent results, with both sales and gross margins coming in above expectations. The only thing keeping it back may have been some capacity constraints. The "A" bulbs are selling well, and management said that it knew prior to the launch that it had some innovations available to actually get the costs cut for the second version of the bulb, which should help drive margins higher in the near term. Also positive for the company is the number of new products it has recently introduced, including the A19, the BR30, and the $99 streetlight. These all have the potential to be big market winners. The stock more than doubled this year so a little consolidation is to be expected which I'm using to add to my position. This is not going back to $20 and I will be surprised if it falls out of $50's and if it does I will buy with both hands.

 
CREE
24.89-0.08(-0.32%)4:00 PMEDT