Cree, Inc. (NASDAQ:CREE)

CAPS Rating: 3 out of 5

The Company is engaged in developing and manufacturing semiconductor materials and electronic devices made from silicon carbide, gallium nitride and related compounds.

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Player Avatar geomedf (< 20) Submitted: 1/19/2012 4:14:56 AM : Outperform Start Price: $24.16 CREE Score: +7.40

Smartphones and peripheral devices growth projected to exceed 6 devices/person in the world by end of decade, and 2012 will be a banner year as Apple roles out IPhone 5. Good ROI, PE ratio, etc even at this price point, and breakout pattern on charts well justified.

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