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lamboguy
10-06-2014, 03:29 PM
pushed out this stock in December of 2013, friday GT Advanced Technologies close at $11.05 per share, today they declared bankruptcy and stock is now trading at $.98 per share.

http://finance.yahoo.com/q?s=GTAT&ql=1
ReplayRandall
10-06-2014, 03:43 PM
pushed out this stock in December of 2013, friday GT Advanced Technologies close at $11.05 per share, today they declared bankruptcy and stock is now trading at $.98 per share.


In the article: GT said the bankruptcy filing " does not mean we are going out of business; rather, it provides us with the opportunity to continue to execute our business plan on a stronger footing, maintain operations of our diversified business, and improve our balance sheet."

Lambo, if Apple called its $578 million loan due, thus inducing the bankruptcy, what do you think of the above company response and is there a possible play here?
lamboguy
10-06-2014, 04:05 PM
In the article: GT said the bankruptcy filing " does not mean we are going out of business; rather, it provides us with the opportunity to continue to execute our business plan on a stronger footing, maintain operations of our diversified business, and improve our balance sheet."

Lambo, if Apple called its $578 million loan due, thus inducing the bankruptcy, what do you think of the above company response and is there a possible play here?to me it sounds like the company is in better shape today than it was on Friday. the same happened with the airlines.
ReplayRandall
10-06-2014, 04:41 PM
to me it sounds like the company is in better shape today than it was on Friday. the same happened with the airlines.


The airlines all issued new stock. Is there any hope that at .98 a share, this stock lives on? If not, does this company have a future?