A Second Look at II-VI

Last February, I discussed the idea of potentially buying shares of compound semiconductor and exotic material company II-VI (IIVI). The company's name -- pronounced "Two-Six" -- stems from the high-tech materials it uses to deliver optics and other precision products for industrial, military, telecommunications, photovoltaic, medical and aerospace applications. At the time, IIVI shares were hovering near $24, but with upside to $31 and downside to $18, my view was to hold off until that risk-to-reward tradeoff was more favorable. As global manufacturing softened in 2012, IIVI shares ultimately fell below $16, which means that, in hindsight, not buying the shares was a good move, particularly since the 52-week high was $24.63. Shares are just over $17 in midday trading.

The question now is what to do if the stock remains below that $18 price level....340 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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