The simple finviz chart now shows a double top near at 15.
14 to 15 is still nomans land for me...
I am long common, and some JAN 14 calls
There is a heck of an aggressive lower line on that chart too.
Remember I'm not a chart guy. But I do look at the simple finviz chart, MAXPAIN, other things like upcoming conference calls, industry outlook, and mostly fundamentals.
I'm still not adding....
I'd look for some PR propup releases soon.
Surely Fran can't be in denial enough to face the shareholders AGAIN and (I'll be generous here) mislead them again.
Sure wish Mr Johnson was still active. Yea - if we were him we'd likely have cashed in and left the company in someone else's hands, but this is really rediculous. At this rate Carl has to be #$%$ at the opportunity cost of the shares he holds with what Fran's leadership has done to the value.
Don't get me wrong, I don't know what the answer is, but we've had long enough with Fran to know he shouldn't be the answer.
I forget if Fran's background is accounting or legal, but it's very unlikely it had anything to do with sales or production IMO.
He almost had to come from the "overhead" realm rather than anywhere his performance could be measured.
I know if you measure him by any meaningful measure since he's been in charge it's plain old ugly!
If ANYONE has a different view and would like to discuss his hidden genius or something please post.
I'm not closed minded, perhaps I have overlooked something. I have held and followed this company for many,many years. From back when it was I dare say a great company(under previous leadership).
This also tells us that the BOD don't care or they would have done something these past several years after a track record had been established.
When I saw this I knew someone would post about it.
Yes I wish he held on to more shares.
But they are basically FREE to him.
I sell some shares from time to time to be prudent and my day job isn' t for KLIC.
If I were Bruno I'd sell some of those FREE shares too. I'd like to think you would too....
I couldn't get some sold quick enough above 15.15.
I would have potentially replaced those shares with the JAN 14 calls I own.
Often this seems to be the time of year KLIC runs a bit (along with a lot of tech).
Never hurts to book some profit though.
Let Bruno run the dang business!!!
Does a measly 4% pop make you happy?
Much ado about nothing the way I see it.
Now get the hack out of the way. Any attention to this superficial stuff is attention not spent on things that matter...
That is if you're a LT holder - or plan to be.
You may want to keep an eye on the options and MAXPAINS the next few expirations. Lots open at 14 and 15 strikes. Which tells me that this was a big yawn generally to the folks that play options. Infact not much activity today.
I make my money off the reactions of others. Hype on the way up, writing calls when I think it's overhyped.
So what moves the heard mentality - well - I kinda count on that. After I've done my DD and made my decisions and made my investment to begin with. Often I hold some and trade for many years - like here with CREE.
Perhaps you operate differently, this works for me, has for many years.
Much better than a dividend or worse, a stupid aquisition.
You trying to make our clowns jealous?
FYI if you deposit over 5k in a checking account the fed forces your local bank to charge you I believe it's 2.00/ for each additional 1k deposited per month.
Our "leader" and his folks have succeeded in injuring every who worked and saved.
Now some of us with small businesses have to pay the bank to take our money!
Yes - I'm one still expecting inflation like we haven't seen since Carter. Which is ironic because this guy has replaced Carter as the worst leader of this country in my lifetime.
And they want inflation. So the magic figure folks have in their minds that is the value of their house gets to that magic number. The general public has proved they don't understand economics by re-electing him. So they likely aren't bright enough to understand inflated dollars either. It's all about buying power folks. Inflation effects buying power.
Never put an academic in charge of anything that really matters. Or a community organizer.
I believe that you should have had to meet a real payroll before being allowed to run for an office. Our country would be much better off in my opinion. "reality based economics" from the ground level trumps the "I'm smarter than you" academics every time. And we all lliterally pay the price.
It's simple. You get less of what you tax - think businesses (new and existing), and more of what you subsidize (buying all of those votes - we'll be paying for many years from now).
When things "normalize" all us risk takers are gonna pay the price yet again. And the world is overdue for these corrections IMO.
I'm done now.
If you got yours for free. But yet your performance was like his and that it took TRUE performance to make their value go up - you'd dump them all immediately too!
14-15 is still nomans land to me.
Part of why I bought JAN 14 calls to flip quick given the chance.
Often tech seems to run up into the fall.
X and some others it did.
So far up .10 to 14.63 in a down/mixed market waiting on Jackson Hole news on a summer friday.
I don't know how you picked 14.50, the simple finvix chart may show 14.75 or so.
Big spread still on the JAN 14 calls that I own 1.15/1.50
All you're gonna do is have the next person post that it's a GE buyout, or Siemens, or....
Mgmt does so well in a buyout that it's a deterrent to CREE being bought out. Which I do point out - how entrenched these guys are and bleed this pig with salary, options, and their golden parachutes. I'd look for CREE to make an aquisition to be less desireable as a takover candidate and bleed this thing longer...
If they ran the business as well as their personel negotiations we'd all be very happy!
Which means to me the BOD have to all be "yes men" - or atleast they were when all this got put in place.
Just an investor/observer from afar. I'm mostly out of CREE.
This and a two smallcaps I own are the best examples of ineffective mgmt. And one of the others just like CREE are very generous to themselves.
Well, FYI there is a town called Apollo NE of Pittsburgh PA and one of the phone exchanges is 567, another is 727.
And Pittsburgh is AP's home, so I thought maybe there was another local on here.
I did some work for AP in the mid 80's. Didn't start messing with their stock until late 90's I'd guess. And did so purely on valuation and being a cyclical smallcap.
Good luck here with AP. Wondering if next move will be up, and I'll sell come more trading shares, or down and I'll replace some trading shares I've sold recently.
This activist thing on the BOD is certainly new for this company. But that doesn't necessarily mean much will happen fast.
So we set back and capture 3% in teh meantime.
But I haven't read more than the highlights of the last ER and they weren't that good.
Seriousley they will become a commodity product.
CREE just happens to have the technical edge right now. And I'd like to see mgmt manage that(LED market) better than their management of rewarding themselves and entrenching themselves. Making sure they can continue to bleed this company and have a golden parachute if they do get bought out. They do very well at things effect their personal futures. Now us stockholders - well - they don't seem to care that much about us.....
But don't be dilusional. LED's will become a commodity. And CREE even has a Chinese JV to make it even easier for them to steal the latest Intellectual Property very easily.
I've compare here on this MB CREE to HP - back in the scientific calculator days of the late 70's. HP was ahead of the curve for a while - until the Japanese could knockoff the products and sell them for half the price.
This time it's just LED's and likely the Chinese - but we've all seen this movie before...
It's ALL up to mgmt!