More Fear And Uncertainty Around II-VI Isn't So Bad For Long-Term Investors

 I’ve said this many times in the past, but it bears repeating – while “buying the dip” is an often a good-to-great long-term strategy with good companies, it’s not always easy to do it. The markets surely do freak out from time to time and offer up seeming bargains, but most often a “buy the dip” opportunity comes about because there are real concerns in the market about the short-term prospects for the company in question. 

That brings me to II-VI (IIVI). I didn’t like the core fundamental valuation on the shares back in February, though I was still bullish on the long-term prospects for this leading (if complicated) optical and materials technology company. With the shares down about 25% since then on fears that the company is overpaying for Coherent (COHR), not to mention worries about near-term end-market demand and an overall cooling on expensive growth, the shares look a lot more interesting for long-term investors today.

 

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More Fear And Uncertainty Around II-VI Isn't So Bad For Long-Term Investors