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Non-Tech : Kirk's Market Thoughts
COHR 143.65+4.0%11:12 AM EST

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Gottfried
Sr K
To: Kirk © who wrote (1435)6/21/2014 8:11:37 AM
From: Jerome2 Recommendations  Read Replies (1) of 26539
 
Hi Kirk.....How big will Sapphire be in the near future????

At the risk of being redundant about GTAT and its future growth review the following article...

seekingalpha.com

GTAT is now setting up a second manufacturing plant in MA to produce Sapphire.

The plant paid for by Apple is in Mesa, AZ.

Revenue for the past 12 months was 263 million...........http://finance.yahoo.com/q/ks?s=GTAT+Key+Statistics

Next year revenue will be between two and three billion dollars.

Some of that revenue should rub off into profit.

39% of the stock is short.

Longs vs Shorts......I'm betting withe the longs because of the increase in trading Volume and the outlook for sapphire

Its my estimation that Sapphire is going into a variety of consumer products not previously considered.

Sapphire is not a one company deal.....Apple is just igniting the trend.
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