if only” not convincing. Profits up, sales up, so what?
However, orders for near-infrared optics used in semiconductor manufacturing have not yet recovered. If demand from that industry were to improve .. blah, blah. The market was not listening and the stock took a 15% nose dive when the earnings didn’t measure up to expectations. Stock prices. after all, are not about present earning, but about future earnings. When a company lets Wall Street raise its expectations, the stock price sinks when the company cannot produce the expected result. So, private companies that don’t care about their shareholders getting rich can stay private and work for the 6% profit on government R&D contracts in sheltered political programs like SBIR.
