state of the market

Time to catch up on how the major players in the LED tooling sector are going.

Aixtron - Germany
Share price: 24.9 Euro
Trading at a Price/Earnings (PE) ratio of around 100
The dividend yield is even less, at around 0.3%

Veeco - USA
Share price: US$35.0
Trading at a PE of well over 100
Veeco has not yet paid dividends, ever!

So why on earth are investors prepared to pay these sort of prices for the shares, with such piddling Earnings Per Share (EPS) figures?

Because of the future!
This sector has a predicted Annual Compounded Growth Rate (CAGR) of 22% over the next 4 years.
And that's just on the LED side of things.

BLG is now also developing products for the PhotoVoltaic (PV)market
The predicted CAGR of Concentrated Photovoltaics for the next 4 years is 33%

The take home message for BLG holders is this:

BLG does not have to make a lot of money initially for the share price to start motoring along.
It just has to get a foothold, a small piece of the action, in either the LED or PV markets, in order to ride along with these massive CAGRs

The last hurdles to market must be cleared this year however.

Cheers