Tuesday, May 11, 2021

Selling Lumentum Holdings @ $81.86 (2.52% Gain)

 Lumentum recently acquired Coherant INC for $5.7B.

- Seems like the company over paid.

- I don't like trying to increase earnings through huge acquisitions.

- Coherent has almost the same market cap of Lumentum - so I expect it will take a long time to digest this acquisition and start seeing synergies materialise.

- Taking the small profit to invest in better opportunities.

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