Color Kinetics?? Buy, sell or hold?
Recently there has been some news that Color Kinetics should either be a buy or hold with a target price of $25. Being experienced in the led lighting industry I would say its a definite buy and you should consider holding the stock. Color Kinetics is very smart as a company with the way they patent led products. With a bunch of other manufacturers paying Color Kinetics for licensing agreements, Color Kinetics continues to grow their cash fund. They spend a lot of money in Research and Development each year to expand their offerings.
I checked today and it was trading at $18 a share and I would say you should invest in this company for the long term. As the led market grows, so will Color Kinetics. Eventually we might see GE try to purchase the company as the industry moves towards replacing the average incandescent light bulb with led light bulbs. So you should consider holding on to this stock for the long run.
Color Kinetics is a good investment, you should consider purchasing their stock.