I was just in Target and saw a display of reasonably priced GE standard socket LED bulbs. At Home Depot they're featuring Philips. Cree's getting slammed by the heavy hitters now and unfortunately it will only get worse IMO.
People need to face facts. LEDs are a revolutionary, disruptive lighting technology, but Cree is once again predictably, disappointingly incapable of monetizing all that wonderful R&D on the bottom line. At perhaps $15 the risk/reward ratio would find a properly-priced equilibrium, representing at best a forward P/E of 15. That's where I'd buy, assuming others like Philips haven't ground down Cree's market opportunities even further by then.
Fact! You're shouting and it's really annoying!
Oh yes some of us know but we're not telling you sorry
A commonly accepted rule of thumb is that anything over five days to cover will provide the ammunition for a good short squeeze.
Your math is wrong on the additional issuance of NOK shares. ALU shareholders get .55 NOK shares for each of theirs. Since there are 2.78B ALU shares outstanding, that means they'll be converted into 1.53B NOK shares.
Gee.... market down today.....GLW down by an even greater percentage! Let's all just stop posting useless, meaningless drivel from now on! (Like that will ever happen)
Since humans are so battered by those unreliable psychological forces (and that includes the overpaid but usually underperforming mutual fund manager humans), it's one more argument for just selecting a good mix of low-cost index funds as the sole investment vehicle.
On the days when our individual stock decisions take a wrong turn, the passive success of index funds can seem mighty appealing. I put my all my dad's cash in ten of those with Vanguard in early 2010 and haven't had a moment's regret or stress about his account since!
Phantom, just curious what your view is on Nokia taking on the huge amount of ALU debt......they have a massive $14 billion in long term liabilities, with $5.9 billion listed specifically as long term debt.