The Company develops, manufactures and markets technology materials and derivative precision components and products for precision use in industrial, medical, military, security and aerospace applications.
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This is a thumbs-up CAPScall, as explained in my article Bad News Sends II-VI ... Higher?
http://www.fool.com/investing/general/2011/12/21/bad-news-sends-ii-vi-higher.aspx
II-VI has high barriers to entry; a sound, proven, long-term business model; and the possibility for strong growth in its target markets. I think current prices provide a good entry point.