GT Advanced Technologies Inc fka GTAT

[Neil24]

It's not so clear cut. This BK probably won't be over till March at the earliest, and there's many variables in play for the next few months, including the upcoming auction.

Apple just agreed to amend their agreement to allow some of the furnaces to remain at Mesa until Jan. 31st (instead of the end of Dec.) in order to have more time to sell them, which is good.

Just because GT keeps saying that shareholders will get nothing doesn't mean that will happen. If this $80 million loan goes through and the furnaces get a decent price, there is a chance shareholders might not get zeroed out. It will be the judge's decision once the finances are sorted out in the next few months. Not saying the chances are great, but just saying it's not foreclosed.

In the meantime, there's money to be made in the next few months of volatility that this stock will go through.