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No. of Recommendations: 2
With this release, we have .34 * 4 = 1.36 EPS and a price of 90 puts us at a 66 forward P/E. Which is not bad considering this company's potential and the fact that they are one of the fastest growing companies in the U.S. Adding to my positions during this downturn. Spent some cash today so I have a few days before the check arrives at my broker and even with CREE being one of my largest holdings I'm considering adding more. Weakness after hours tells me there might be some concerns about margin guidance. So low 80s is possible (actually, in this market anything's possible!). After the YHOO debacle I'm leaning against buying any more triple digit P/E stocks so CREE is looking good. :-)

Good luck to all.
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