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Non-Tech : Kirk's Market Thoughts
COHR 185.70+2.2%3:59 PM EST
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To: Kirk © who wrote (1888)9/15/2014 6:26:27 PM
From: Jerome1 Recommendation

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Kirk ©

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GTAT,,,,,,,this stock has been clobbered since the release of the new Apple I Phone that did not have a sapphire screen. GTAT is down about 25% since the Apple release of their new phone.

This would be a matter of great concern if GTAT was a one trick pony. (Just sapphire).

Two new developments for GTAT.

GTAT is sponsoring a business update at the end of this month.

finance.yahoo.com

Its probably good news. Why? Who in their right mind would call a press conference to report bad news after the stock has already been hammered? Doing this would be less than brilliant.

Secondly...GTAT is ready to release its Merlin Product...(Solar Panel connectivity).

From a recent press release from GTAT.
The company estimates that if Merlin achieved a market penetration in the eight to twenty percent range by 2018 it could represent a $400 million to $1 billion business. The company has already begun shipping sample quantities of Merlin grids to its lead customers and remains on track to commercially release Merlin in early 2015.
Another important benchmark I review periodically....Who owns this company in significant quantity?

This link tells all....http://finance.yahoo.com/q/mh?s=GTAT+Major+Holders

From what I can tell....Fidelity, Vanguard, Blackrock, and Wellington own over 33.67% of this company. The Fidelity and Vanguard positions are new. These holdings exclude any index fund holdings. Overall 167 institutions own stock in this company. For a small company like GTAT thats a lot of heavyweight shareholders.

Ramond James (Financial Advisors) put a sell on GTAT recently because they said there were "Too many unknowns about the company"....Its my guess that they did not bother to read the last conference call notes from GTAT or note that GTAT has a five year production contract with Apple for Sapphire. Nor did he note that Apple has exclusive rights to some GTAT patents concerning Sapphire.

Kirk you got it right ....Too many investors chase headlines (Allibaba) as a basis for investment calls, instead of reading conference call notes for substantive information.
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