• We missed the upside as we deemed the shares too expensive three months ago.
• There is no question that the market is set to grow for years to come.
• Competition is emerging on the horizon, but we think it’s unlikely this constitutes an imminent threat.
• But we still balk at the nosebleed valuation; the shares are priced for perfection.

Source: Universal Display Keeps On Rising – Universal Display Corporation (NASDAQ:OLED) | Seeking Alpha