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The point is that long-term growth estimates on the part of analysts, like quarterly estimates, are inentionally kept obscenely low; and considering that the market for Cree's LEDs runs well into the billions, and that LED sales growth is 105% and rapidly accelerating, I'd say this is the case with your 42.5% number as well.

I agree that analysts' estimates are typically on the low side for rapidly growing markets like Cree's. However, I guess I prefer to err on the conservative side when trying to read my crystal ball. I much prefer to be pleasantly surprised by a stock's performance than the other way around. (That said, I secretly think there's a good chance to hit $500 by year's end... :)

I am curious, though: how did you arrive at your estimated 80% LT annual growth figure?


P.S. Nice web site!
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