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: Shares of Aeroflex
So what: Competitors fell, too, including Microsemi Corp.
Now what: The stock has mostly continued in an uptrend since. And while Morgan may see the stock moving too far, too fast, a review of earnings estimates show Aeroflex priced about even with Wall Street's long-term projections for profit growth. Is that really too pricey? I'm asking you. Please weigh in using the comments box below.
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