The problem of index investors

The problem of with index investors is that sometimes really good companies are in the wrong index.  I am of course speaking of VECO Instruments which is classified as a "Semi-Conductor" and LED lighting manufacturers are classified as Semi-Conductors. 

Well, I see little similarity between the two industries.  One makes chips for the computer - information systems the other makes light bulbs. 

If you have a brain, look at VECO because the indexers just gave you a gift horse!

 

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