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Getting Better May Not Be Enough

It can't get much worse for the LED sector than it did in 2011, but does that imply it gets much better in 2012? Another quarterly earnings, another chance for the bulls, bears (and everybody in between) to stake out a position on LED sector bellwether Cree. The disaster was pretty simple to explain, if hard to predict in terms of the exact timing: Too much supply in the LED market led to inventory issues, an erosion of profitability and margins, and a bad year for Cree measured by a 63% stock decline.

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