Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

1 Cash-Producing Stock on Our Buy List and 2 We Find Risky

TDOC Cover Image

While strong cash flow is a key indicator of stability, it doesn’t always translate to superior returns. Some cash-heavy businesses struggle with inefficient spending, slowing demand, or weak competitive positioning.

Luckily for you, we built StockStory to help you separate the good from the bad. That said, here is one cash-producing company that reinvests wisely to drive long-term success and two best left off your watchlist.

Two Stocks to Sell:

Teladoc (TDOC)

Trailing 12-Month Free Cash Flow Margin: 11.5%

Founded to help people in rural areas get online medical consultations, Teladoc Health (NYSE: TDOC) is a telemedicine platform that facilitates remote doctor’s visits.

Why Are We Hesitant About TDOC?

  1. Sales trends were unexciting over the last three years as its 4.4% annual growth was below the typical consumer internet company
  2. Decision to emphasize platform growth over monetization has contributed to 7.1% annual declines in its average revenue per user
  3. Projected sales are flat for the next 12 months, implying demand will slow from its three-year trend

Teladoc is trading at $7.71 per share, or 4.7x forward EV/EBITDA. To fully understand why you should be careful with TDOC, check out our full research report (it’s free).

National Vision (EYE)

Trailing 12-Month Free Cash Flow Margin: 3%

Operating under multiple brands, National Vision (NYSE: EYE) sells optical products such as eyeglasses and provides optical services such as eye exams.

Why Is EYE Not Exciting?

  1. Store closures demonstrate a defensive approach to eliminating underperforming locations
  2. Poor expense management has led to an operating margin of 0.6% that is below the industry average
  3. Below-average returns on capital indicate management struggled to find compelling investment opportunities, and its falling returns suggest its earlier profit pools are drying up

National Vision’s stock price of $23.12 implies a valuation ratio of 28.6x forward P/E. Dive into our free research report to see why there are better opportunities than EYE.

One Stock to Buy:

Morningstar (MORN)

Trailing 12-Month Free Cash Flow Margin: 16.6%

Founded in 1984 by Joe Mansueto with just $80,000 in personal savings, Morningstar (NASDAQ: MORN) provides independent investment data, research, and analysis tools that help investors, advisors, and institutions make informed financial decisions.

Why Will MORN Beat the Market?

  1. 12.7% annual revenue growth over the last five years surpassed the sector average as its products resonated with customers
  2. Additional sales over the last two years increased its profitability as the 321% annual growth in its earnings per share outpaced its revenue
  3. Market-beating return on equity illustrates that management has a knack for investing in profitable ventures

At $262.42 per share, Morningstar trades at 28x forward P/E. Is now the time to initiate a position? Find out in our full research report, it’s free.

High-Quality Stocks for All Market Conditions

Trump’s April 2025 tariff bombshell triggered a massive market selloff, but stocks have since staged an impressive recovery, leaving those who panic sold on the sidelines.

Take advantage of the rebound by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025).

Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today

StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.

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