
Jul 23, 2009 by Keith Beverly
Bear Essentials: II-VI
Seth, we obviously agree that government spending is a source of refuge right now -- II-VIis partnering with my watch list stock this month, American Science & Engineering (Nasdaq: ASEI), to develop an explosive detection system for the Army. Yet even after the precipitous drop in the stock, a few things concern me: II-VI's fixed-cost base, its inventory management, and an eventual lull in defense spending.