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 TMFBlacknGold (99.00) Submitted: 1/23/2013 2:26:34 PM : Underperform Start Price: $40.82 CREE Score: -29.40

Even if TTM EPS reaches $1.30 (top of estimates), a share price of $40 gives the company a P/E of 31. Seems pricey.

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Member Avatar SweetMircha (93.80) Submitted: 1/23/2013 4:15:03 PM
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Finally got to sell all of my CREE shares for $40.50 today after waiting for a couple of years for the price to rise back up. My top buy in price was $53.88 & lowest was $38.88 . Wish I could've lost a little less, as I got tired of waiting.

Member Avatar xferjenx (36.68) Submitted: 1/23/2013 8:22:18 PM
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Ditto Sweet!!!

Member Avatar TMFBlacknGold (99.00) Submitted: 1/23/2013 8:49:24 PM
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Good day for that. Losses aside, at least you've freed up some cash for your portfolio. There's always a plus side!

I've had outperform pitches on Cree before to no avail. Just always seems to go sideways.

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