GT Advanced Technologies Inc fka GTAT

[lecker454]

The company’s share price has appreciated over 600% in the past month. This is most likely due to the three big changes detailed in the Eric Jhonsa article. The CEO, Tom Gutierrez has been replaced, the company has set a target to reduce costs by 40% and they have secured $95 million in “debtor in possession” financing.

GTATQ had placed all their eggs in the Apple basket and the whole thing fell apart. Apple had advanced them large sums to develop sapphire glass for Apple products creating the potential for a huge bonanza. GTATQ will eventually wash the Apple debacle out of their company, move forward and drop the Q off their ticker symbol. The current price will seem like a bargain a year from now. seek