GT Advanced Technologies Inc fka GTAT

[FerdinandDaBull]

Despite it's an SA writer I do like his opinion in this case!

The company is a manufacturer of high-tech equipment for the Solar Industry and millions of dollars of business in the pipline. One such contract is with Qatar Solar ( investor.gtat.com/releasedetail.cfm?ReleaseID=854427 ) for over $300 million in Solar manufacturing equipment. The company possesses the potential to exercise an enormous capacity to supply the Sapphire industry, which is set to explode as Sapphire screens become the standard for Smartphones. GT Advanced offers important efficiency increases and cost-cutting investments to the Solar Industry and their technological advancements are potentially going to lead the way to Solar-Powered Smartphones.

The way their balance sheet is projected to shape-up after the Apple obligations have been accounted for will provide a strong argument for the stakeholding parties to sign-off on a non-equity dilutive credit agreement that appropriately represents the interests of those stakeholders as well as equity investors who have been enduring a financial risk with an uncertain payoff during a tumultuous holding period rich with fear and portentions of doom.

A final settlement of the Chapter 11 proceedings which includes a non-dilutive equity plan that appropriately regards GT Advanced's gainful financial prospects as a going concern as it emerges from bankruptcy is a wholy appropriate goal of the Court and other interested stakeholders. And it is an attainable goal so long as Apple and GT Advanced come together to sign-off on their proposed settlement that will clean up GT's balance sheet and excess operations expenses.

Finally, stakeholders can be glad that no liquidation of productive assets has been required to take place to cover on-going expenses.

http://seekingalpha.com/instablog/32340785-richard-gamingo/3395525-the-180-spin-gt-advanced-won-from-apple


Have a good weekend all! Next week should be fun again!