- II-VI shares have been weak on a combination of worries about near-term end-user demand, overpaying for Coherent, and overall growth stock multiples.
- Datacom demand for 200G/400G looks strong, and I still like II-VI's leverage to growing demand for SiC and VCSELs, as well as recoveries in industrial laser/optics markets.
- I expect double-digit annualized revenue growth from II-VI over the next decade (excluding Coherent) and improving margins and that supports a double-digit annualized prospective return at today's price.
For further details see:
More Fear And Uncertainty Around II-VI Isn't So Bad For Long-Term Investors