+ Watch CREE
on My Watchlist
The Company is engaged in developing and manufacturing semiconductor materials and electronic devices made from silicon carbide, gallium nitride and related compounds.
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.
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.
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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