The latest II-VI (IIVI) quarter featured a significant downward adjustment to guidance, but the longer-term growth story remains intact, in my view. Ex-coronavirus disruptions, guidance would have been in-line and thus, I would stress looking past near-term, transitory events. Instead, I think investors should remain focused on II-VI’s improved positioning with regard to multiple secular growth themes (5G, electric vehicles, and 3D sensing, among others). Beyond the top-line growth drivers, there is plenty of margin expansion potential here, with further earnings accretion from Finisar synergies and a continued debt paydown schedule, which drives