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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Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

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

3 Cash-Producing Stocks Walking a Fine Line

MYPS 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 are three cash-producing companies to steer clear of and a few better alternatives.

PlayStudios (MYPS)

Trailing 12-Month Free Cash Flow Margin: 16%

Founded by a team of former gaming industry executives, PlayStudios (NASDAQ: MYPS) offers free-to-play digital casino games.

Why Do We Avoid MYPS?

  1. Number of daily active users has disappointed over the past two years, indicating weak demand for its offerings
  2. Historical operating margin losses point to an inefficient cost structure
  3. Falling earnings per share over the last three years has some investors worried as stock prices ultimately follow EPS over the long term

PlayStudios is trading at $1.02 per share, or 2.6x forward EV-to-EBITDA. Read our free research report to see why you should think twice about including MYPS in your portfolio.

Bath and Body Works (BBWI)

Trailing 12-Month Free Cash Flow Margin: 10.6%

Spun off from L Brands in 2020, Bath & Body Works (NYSE: BBWI) is a personal care and home fragrance retailer where consumers can find specialty shower gels, scented candles for the home, and lotions.

Why Are We Wary of BBWI?

  1. Weak same-store sales trends over the past two years suggest there may be few opportunities in its core markets to open new locations
  2. Estimated sales growth of 2.6% for the next 12 months implies demand will slow from its six-year trend
  3. Earnings growth over the last six years fell short of the peer group average as its EPS only increased by 8.5% annually

At $26.03 per share, Bath and Body Works trades at 7.2x forward P/E. To fully understand why you should be careful with BBWI, check out our full research report (it’s free).

Crocs (CROX)

Trailing 12-Month Free Cash Flow Margin: 18.6%

Founded in 2002, Crocs (NASDAQ: CROX) sells casual footwear and is known for its iconic clog shoe.

Why Does CROX Fall Short?

  1. Constant currency growth was below our standards over the past two years, suggesting it might need to invest in product improvements to get back on track
  2. Sales are projected to tank by 4.3% over the next 12 months as demand evaporates
  3. Waning returns on capital imply its previous profit engines are losing steam

Crocs’s stock price of $77.15 implies a valuation ratio of 6x forward P/E. Check out our free in-depth research report to learn more about why CROX doesn’t pass our bar.

High-Quality Stocks for All Market Conditions

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