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.


Player Avatar TMFBlacknGold (98.72) 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.

Report this Post 3 Replies
Member Avatar SweetMircha (91.61) Submitted: 1/23/2013 4:15:03 PM
Recs: 0

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 (46.43) Submitted: 1/23/2013 8:22:18 PM
Recs: 0

Ditto Sweet!!!

Member Avatar TMFBlacknGold (98.72) Submitted: 1/23/2013 8:49:24 PM
Recs: 0

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.

Featured Broker Partners