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FPA Capital Comments on Veeco

October 31, 2012 | About:
Holly LaFon

Holly LaFon

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We reduced Veeco Instruments (VECO) in the mid-to-high $30s because it approached fair valuation and our channel checks suggested that the metal organic chemical vapor deposition market, used to produce high-brightness LEDs, will remain under pressure for a while longer. We trimmed the position before the stock slid over 20% from its 52-week high.

From FPA Capital’s third quarter commentary.


Rating: 3.1/5 (7 votes)

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