Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Two days after suffering a string of analyst downgrades, Cree
So what: Cree and peer Veeco Instruments
Now what: In a statement issued yesterday, management told investors to expect $0.25 to $0.28 a share of profit -- well below the $0.34 analysts were calling for. Meanwhile, the sell-off has cut the stock to the point where Cree now sells for less than the long-term earnings growth analysts expect. Is that an opportunity? Or do you expect Cree's uninspiring growth trends to continue? Please weigh in using the comments box below.
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