Yesterday Director John Replogle purchased 5,000 shares, and today CEO Charles Swoboda bought 10,000 shares. They are trying to tell you something. Go to your local Home Depot or Lowes and check out the light bulbs. You will see new displays and new packaging for Cree's LED bulbs. But more importantly Cree's LED bulbs are now the same price as incandescent, dimmable, available in soft white, and last 20 years. Once the consumer catches a whiff of this they will sell out. I believe this quarter will be the turning point for CREE.
Cree -3.43%; Sale Of Wolfspeed Business To Infineon Technologies Unlikely To Be Approved By CFIUS Feb. 8, 2017 5:59 PM ET|By: Eric McCaffrey, SA News Editor
Cree (NASDAQ: CREE) and Infineon Technologies ( IFNNF, IFNNY) note exploration of alternatives to modify current form of the arrangement to alleviate or address regulatory issues, though any outcome to that end remains uncertain.
Looking at this dip as a potential opportunity to get in. I'm looking at CREEs prior financials and wondering if anyone can tell me what the approx $50M non-recurring expense was in 2015? Appreciate the help in advance.