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Non-Tech : Kirk's Market Thoughts
COHR 182.19+0.3%2:26 PM EST
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berniel
Gottfried
To: Fintas who wrote (2024)10/8/2014 4:59:08 PM
From: Jerome2 Recommendations  Read Replies (2) of 26728
 
Finitas.....

IF one is going to buy a stock for the LONG SIDE they are best reading you for YOU DO THE WORK... PERIOD!
That does not apply in this case.... There are 10 analysts that cover GTAT....Raymond James had a sell on the stock and said that he was "blindsided" by the chapter 11 filing.

There is absolutely no research on GTAT that would have indicated a financial problem between Apple and GTAT.
Apple loaned GTAT 570 million dollars to outfit a facility for making sapphire.

Apple did not make the last payment to GTAT of 137 million that was due last month.

The loan had a lot of provisions that favored Apple.... GTAT missed some objective marks set in the contract. Apple called the loan.

No amount of research of your part or any ones part would have turned up a red flag.
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