WolfSpeed (formerly CREE) (WOLF)

[Couch Potato]

while LED technology has been around quite a while, the real market which i think is commercial lighting products, is just starting to get geared up for LED sources. Lighting manufacturers are working through all their product testing and development and starting to broaden their offerings. As the economy improves, LED lighting should take over as long as longevity of the product matches the current hype. The 'hype' being a 50,000-100,000 life. While the LED itself might last that long, the LED's are connected to little circuit boards and operated by 'drivers' that are also electronic. Their life is more questionable.

I know Cree is also making advances in LED technology for lasers but haven't convinced myself that will really drive this company.

What attracts me to this company is it is considered one of the leading and preferred suppliers for LED's for the commercial fixture manufacturers. And the 'Hype' among the lighting manufacturers is that LED source fixtures will be the majority of fixtures sold in the next 5-8 years.

My thinking was last years run up of Cree was the result of the stimulus money spent and how much of it was spent pushing energy efficiency. So while i don't think the pullback is done, its hard for me to believe the PPS won't steadily climb over the next 5 years.

thats my 2 cents.