From a technical chart analyst(which I am not) we are like in 2012 lows so this won't go up until 2016 based on past performance. But this time is different,. Based on macro-economic factors and the Greece crisis, they have head winds, especially considering they have a quite high P/E.
Don't you just love the double speak, and spin of corporate executives. "Higher LED average selling price erosion" than what had been predicted?--- #$%$! Why are they not able to show(market to customers) that their product demands a higher price than their competitors? Underutilization of Cree's LED factory?--- #$%$ again! Maybe its because customers aren't buying CREE products like they had predicted.
I'm getting so tired of ths. They keep patting themselves on the back with their award winning products. So why did the stock lose one third its value in one year. Let me guess --- earnings aren't what it should be because customers aren't buying their AWARD winning bulbs due to sluggish management not able to stay competitive and position their products where customers will buy. And another thing, why isn't their stock repurchase plan causing the price to go up? They sure don't seem to be concerned about shareholders. How putting cash towards a dividend?