Zeev's Turnips Patch-No Politics (ZEEV)

[mlsoft]

brbz...

I think you are not paying attention to valuation when looking at CREE. It is a fine company and could well be one to own whenever we come out of this recession, but right now the equipment sector is in the tank with no signs of improvement, the economy is weakening with no signs of improvement, while valuations (including CREE) are at bubble market highs. Whether looking at P/E, P/S, P/B, or any other measure, CREE is very expensive and any hiccup along the way will give it a first class haircut in a heartbeat.

mlsoft