Sometimes one of the best things an investor can do is pick up shares of a quality company on a temporary problem in the industry. For instance, investors who bought Lincoln Electric (NASDAQ:LECO) below $40 are probably pretty happy that they did so. While the shares of laser optics and components maker II-VI (NASDAQ:IIVI) have been volatile, they historically haven't stayed very cheap for very long. The question for investors now, though, is whether this is another buying opportunity or whether II-VI's addressable markets have changed in fundamental ways that will make this a disappointing stock from now on.
A Disappointing Quarter Is Bad Enough...
Investors hoping that II-VI would echo the message of large industrials...
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