ich bin zwar nicht investiert, hatte aber mal damit geliebäugelt. Hatte keine Traute und habe den Kurs beim Aufstieg beobachtet. Dann hat Apple sie nicht mehr bedacht bei ihrer Präsentation und es ging bergab. aber heute??? Wenn dass Börse ist, dann lege ich das Geld besser unters Kopfkissen. Denn solche Kapriolen sind fundamental begründet nicht möglich, keine 89 % am Tag. Und ein Kurs von über 10 Euro und dann der Absturz innerhalb kürzester Zeit kann nicht richtig sein. Wenigstens nicht aus fundamentalen Gründen. Hier war wohl der hohe Kurs der gepushte, von wem auch immer.
muss hier reagieren. Die haben schließlich nur diesen einen Lieferanten für Saphirglas. Insolvenz in Eigenregie mit 85 Mio. USD klingt machbar. Das könnte in der Tat ein schöner Zock werden..:-)
Kicky
: Warum GTAT innerhalb von Sekunden v.1,5Milliarden
auf praktisch Null fiel: 30% der Aktien waren im Besitz von Von Hedgefonds wie Fidelity ,Blackrock,Wellington Those wondering why Apple's favorite sapphire glass maker shockingly went from a market cap of $1.5 billion to $0 (net of 45% of the market cap being short, trying to cover and pushing the stock price briefly just above $0.00) in the span of milliseconds, such as "smart money" investors Fidelity, Blackrock and Wellington which collectively owned almost 30% of the company... ... will not get an answer for a while, and certainly not from its public filings, all of which provided a picture of a company that was apparently in good health and worth well over $1 billion, thus making one wonder how much 10(b)-5 fraud there is in this bankruptcy.
One certainly won't get it from Stifel's Sven Eenmaa or Cowen's Jeffrey Osborne, both of whom had the stock at a "Buy" as recently as Friday with a $20 and $18 price target. ..... In fact, the only piece of information that provides some clarity on what happened leading to the stunning Chapter 11 filing out of the blue, is the following brief blurb in the first day motions:
EVENTS LEADING TO CHAPTER 11 GTAT is facing a severe liquidity crisis due to circumstances that will be more fully described at the hearing on the First Day Pleadings.
Why not explain now? Did "key customer" Apple have something to do with the gag order?
Because as anyone who lost 90% of their equity in seconds earlier today (after listening to others such as Cramer extoll the virtues of the next Bear Steanrs) found out, yes: the company does indeed have a severe liquidity crisis.
In any case, while there is not much there, the full declaration in support of first-day motions is presented below:..... 131 Seiten des Dokumentes
Am Freitag war der Apple-Zulieferer und Hersteller von Saphir-Glas an der Nasdaq noch 1,5 Milliarden Dollar schwer. Doch dann löst sich der Börsenwert von GT Advanced nahezu in Luft auf. Wie konnte das passieren?
watchandlearn
: Warum GTAT innerhalb von Sekunden v.1,5Milliarden
auf praktisch Null fiel: 30% der Aktien waren im Besitz von Von Hedgefonds wie Fidelity ,Blackrock,Wellington
Meine Meinung: Nach der Restrukturierung werden die aktuellen Aktienbesitzer nichts mehr haben... die Aktien sind wertlos und werden sehr wahrscheinlich ausgebucht. Ein Zock ist hier immer drin, doch wer hier auf den großen Rebound zurück auf 10 Euro hofft der liegt sicherlich falsch.
Apple?s chosen sapphire display cover supplier, GT Advanced Technologies, filed for Chapter 11 bankruptcy on October 6th. In their announcement, GT Advanced Technologies stated its intention to seek debtor in possession financing. Apple?s best interests will likely be served if it provides the debtor in possession financing GTAT seeks. Apple will likely end up owning all of GTAT?s physical and intellectual property related to Sapphire production, and will have acquired it at a bargain cost. ........ http://seekingalpha.com/article/...quisition-gt-advanced-technologies
The hardest lesson for investors after GT Advanced Technologies (NASDAQ:GTAT) filed for bankruptcy is simply accepting they were duped by management. Without any significant warning on the trading action, shares fell 92.5% following the filing, and closed at $0.83. For current investors, there are still risks holding shares. This is why it is imperative that shares be sold and a loss be recorded on the trading sheets. There is no doubt that lawyers will file a class action suit to recoup anything. Yet GT said in its press release that it had approximately $85 million in cash. With 137.54 million shares outstanding, that is just $0.618 in cash per share. Legal recourse
Even with whatever legal recourse available, any cash raised from selling assets will only cover current liabilities and legal fees related to the bankruptcy filing. GT had $132.6 million in inventory, $611.46 million worth of property, plant and equipment, and $196.6 million in other assets as at June 28 2014. Liabilities included $173.1 million in deferred revenue and a prepayment obligation of $306.7 million.
The first lesson investors should draw from this bankruptcy is recognizing that before believing the high target prices, the financial balance sheet should be checked. Assets as a percentage of liabilities fell steadily since June 2013...
GT likely missed key milestones, and was unable to meet the volume requirements for the iPhone 6. Apple had to switch to plan B earlier this summer. That is: using Corning's (NYSE:GLW) gorilla glass and sapphire for the iWatch. Management did not disclose this information, which is material. Instead, CEO Gutierrez sold 9,332 shares at an average price of $17.38, netting $160,448. His sales volume was actually higher at the start of 2014:s.list
Stating the obvious: avoid
The market may very well stir rumors of Apple or Corning buying GT's assets. Both firms will likely allow the bankruptcy process to take place. This will mean that buyers might purchase the assets at the lowest possible value. Investors who were lucky not to hold shares should continue avoiding this company. http://seekingalpha.com/article/...ced-technologies-bankruptcy-filing
Kicky
: Apple hat angeblich das Desaster verschuldet
und seine Forderungen geltend gemacht
....The elephant in the room regarding the company is their sapphire agreement with Apple which provided them with an interest-free loan so long as they met certain performance metrics. If we look at what GTAT did tell us on Monday, we can reasonably conclude that based upon their quickly depleting cash on hand, Apple has pulled its credit line. .... http://seekingalpha.com/article/...etween-the-lines-on-its-bankruptcy
die werden jetzt die Fabrik in Mesa übernehmen und GTAT hat gar nichts davon