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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (25881)	2/5/2007 7:51:12 PM
From: Grantcw	Respond to of 78665

Paul, I think this is the first company that I've actually owned before you. Wow, what an honor, though if I'm sitting at a loss because I bought at higher prices, should i still consider it an honor? :) I've actually made a little money on this stock over the years on different trades, owning it off and on since 1999, I believe. Back then, the outlook was strong and the stock was going to the moon, but things have changed. They've revised earnings estimates downwards and are in a bit of a holding pattern. But, long-term prospects are great for this one if they can execute to some degree. LED's are going into Laptops and IPOD-like devices soon and CREE just needs to get some deals with a couple decent-sized players and they'll be in good shape. On top of this, looking 5 years down the road, the LED (and therefore CREE) is in good shape to capitalize on the death of the light bulb (i.e. California's attempt to kill it legislatively) as LED's are very energy efficient and much cooler than fluorescents. But, we'll see. I'm just holding on to this one for the long-term now. And as you say, little debt and lots of cash are starting to make this a value play, though I've always looked at it as a growth play. Thanks, cw p.s. My Pegasus moolah finally came through. Phew! :) Thanks for the tip as always. And even if it didn't come through, as you say there's nothing safe out there. I just roll the dice and any mistakes are solely mine on the blame side.