CFA North Carolina Networking – Leading the LED Revolution

I’ll be visiting with CREE management in Raleigh next week, along with a number of fellow CFA Charterholders.  After management’s presentation, we’ll be headed to Newton’s Restaurant for a few cocktails and appetizers, so if you are in the area, please stop by and say hello.

We’ll be interested in what Raiford Garrabrant has to say next week, particularly as our short position in the industry appears to be playing out.  While we do not have a position in CREE, recent data points indicate that we are approaching a peak in orders as LCD panel vendors have begun cutting orders at Taiwan LED makers.  The “street” still expects robust earnings growth to continue next year, as evidenced by JPMs recent report encouraging investors to “buy on weakness.”