Cree Stock Soars Into The Stratosphere On Just $287M Of Annual Losses [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 Stock Soars Into The Stratosphere On Just $287M Of Annual Losses Summary The market is completely ignoring this company's unprofitable operations where expenses are clearly outpacing profit creation. Will the market be able to sustain Cree stock's elevated price? At this price level, Cree's theoretical maximum dividend yield is just 1.8%. The company's Wolfspeed product line has grown over 90% year-over-year. Shareholders at $52.16 are betting on continuous explosive growth from this line of business. Cree, Inc. ( CREE My pricing model, based on calculating the present value of expected future cash flows this business has a track record of generating, indicates Cree's fair value is just $22.98. Shareholders are potentially in for a 50% haircut from today's price just based on buying this company's stock at too high a price. Therefore, I am bearish on Cree at $52.16 today based on my estimation of the likelihood the Wolfspeed business segment is going to deliver $1B in sales by 20
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