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Heavily-shorted Cree (CREE +5.4%) is rallying for the second day in a row after announcing a...

Heavily-shorted Cree (CREE +5.4%) is rallying for the second day in a row after announcing a low-cost LED streetlight solution. Today's move comes in spite of bearish commentary from Raymond James: while the firm expects Cree to post FQ3 results on April 17 that are roughly in-line with guidance, it thinks investors are too optimistic about the company's operating leverage, and doubts its gross margin, which stood at 35.3% in FQ2, will ever return to the mid-40s.
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Comments (1)
  • Stephen Lipworth
    , contributor
    Comments (5) | Send Message
     
    A market leader in a game changing industry is a market leader and innovation is the name of the game.
    CREE may have set backs but their innovation has always been ahead of the rest of the field.
    Good balance sheet.
    11 Apr 2012, 07:01 PM Reply Like
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