Replies to post #25645 on GT Advanced Technologies Inc fka GTAT

[cents2ks]

nice...throw in about 100 more ovens sprinkle with the fact that TeraX paid about 700k each for theirs and they still want them...Add other revenue increasing in other sectors of GT's continuing operations...

GT does have a viable path to an equity positive exit of 11.

[XenaLives]

I believe the inventories are valued at cost of goods - not fair value. Install in the Apple facility would also be added to that cost.

[LarryAshy]

Nice run down.

Thanks for the time.

[MasterBlastr]

So they are writing stuff down - proactively in the hopes some fraction of their value is retained: Prediction: They are still way over.

[LarryAshy]

According to previous 10K's...Tokuyama has been a customer for a few years.

I noticed a small payment to them...not sure why we are paying them though this time. It was classified as a "continuing business" payment.

Interestingly enough, that Berhad annotation after their name for this is the same one Cosmos Chemicals carries. If you research that, you will find that Tokuyama and CC are the first 2 companies producing polysilicon under the SCORE initiative in Malaysia.

[Sun7]

You are very right on this, believe the write down is very crucial (NOL + increased results 2015 vs 2014 which may also benefit their bonuses)
Please note my Post# 24299

[MattySR]

Quick Recap of the mesa ASFs since the February MOR came out.

(recap of my post for the January MOR)
-Inventory Asset stayed generally the same (Minus about 500k coming into February, I doubt this 500k is a single furnace sale, because the apple debt stayed the same in both MORs)

-2036 Furnaces are valued at about $330 mil on the balance sheet, or 160k per furnace, Inventory asset (Not market price)

-GTAT could sell furnaces at 288k per and Equity would survive. (This completely ignores every other aspect of GTATs business. This 288k could go down as other sectors start compensating.)

Market price of the 2036 furnaces IMO can be safely put at LEAST 450k per furnace. 450k is on the safe side. 450k X 2036 furnaces = about $900 Mil.

Significantly higher then the $330 Mil present on the balance sheet. If furnaces were put down at Market Value (my proposed # of 450k per furnace), Assets would equal 1.4 billion. and we know liabilities = about 1.1 billion as of the most recent MOR.

1.4 - 1.1 = Stockholders equity net of $300 million.

#DISCLAIMER - ALL of these #'s are ROUGH estimates. especially my price tag of 450k.