Vince Martin
Long/short equity, value, gambling

SemiLEDs Goes From Bad To Worse

Shares of SemiLEDs (NASDAQ:LEDS) have fallen 19 percent over the past two trading sessions as the company once again delivered a disappointing earnings report on Thursday morning. At this point, no one should be surprised; the company has now missed estimates in 9 of the 10 quarters in which it has been publicly traded.

Shares are also down about 40 percent since reaching highs over $2 per share in late April, after a stunning three-session, 83 percent, run that appeared to come largely on the coattails of good news for the sector. That news included the introduction of an energy conservation bill in the Senate that appeared to brighten the outlook for LED producers, plus positive commentary from...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details