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Non-Tech : Emcore Corporation (EMKR)
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From: The Ox12/12/2008 11:28:29 AM
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Reit:
Emcore EMKR Needham Buy

I tend to agree. It will be interesting to see where the analysts have their new FY earnings estimates in a few months. I doubt seriously that they will be any where near where they are today. I can't see how anyone can justify positive earnings for the FY yet. EMKR must show an ability to manage their gross profits (let alone net profits) into a more reasonable state then what they've shown in the past.

At a dollar, the stock is a reasonable buy, as one would expect that the top line revenue growth will eventually start dropping down to the bottom line. Its clear that the company has sacrificed profits to expand sales. Now that trend must reverse. Profits MUST go hand in hand with expanded sales.

fwiw, imo

TO
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