Cree: Compelling Long-Term Growth Story But Priced To Perfection [Seeking Alpha]
Cree, Inc. (CREE)
Last cree, inc. earnings: 4/29 04:01 pm
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US:NASDAQ Investor Relations:
investor.cree.com/investor-relations
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Source: Seeking Alpha
| Cree: Compelling Long-Term Growth Story But Priced To Perfection Dec. 10, 2019 5:32 PM ET About: Cree, Inc. (CREE) by: Aaron Butler Long only, value Summary The Wolfspeed-driven long-term growth story is still intact. Cree is entering a multi-year investment phase, ramping capacity to meet future growth in the auto end-market. I don’t doubt the growth story, but the current multiple already discounts much of the positives. Cree (NASDAQ: disposal of its lighting business Improving Long-Term Outlook Much has happened since the company's last investor day event in 2018, with the slew of new partnerships and transformative marred by recently reported results and guidance falling well below target. While much of the headwinds over the past year has been beyond management's control (e.g., trade war), the challenges facing the company extend beyond end-demand to yield issues and capacity under-utilization across the Wolfspeed and LED businesses. This year's investor day Source: Investor
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