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GT Advanced Technologies Inc. Message Board

  • cmk_us2001 cmk_us2001 Apr 6, 2014 5:40 PM Flag

    Sapphire, for Another 81% Winner

    They say diamonds are a girl’s best friend.

    Well, they’re wrong. It’s sapphire.

    However, I’m not talking about traditional jewelry store sapphire. I’m referring to synthetic, man-made sapphire.

    Like diamond, it boasts some compelling properties, in that it’s extremely strong (virtually unbreakable, in fact) and scratch-resistant.

    That makes it perfect for the myriad of touchscreens in mobile devices and many other industries. As I wrote here in February, the market for synthetic sapphire is expected to double to $35 billion by 2018.

    And it’s perfect for companies at the forefront of the trend – like the leading manufacturer of synthetic sapphire, GT Advanced Technologies (GTAT)…

    Up 81%… And Counting

    When I first profiled GT Advanced in November 2013, shares were trundling along around $9.80.

    At the time, there weren’t many analysts covering the sapphire market, or GT.

    But they were in February, when the stock jumped 20% on news of its huge sapphire contract with Apple (AAPL).

    As I write, GTAT shares are $17.80 – up 81% since my November report.

    Now, with a gain like that, you might think you’ve missed the boat.

    But you haven’t. In fact, this price will look like an extreme low in the next few years.

    You see, when news of GT’s deal with Apple broke, the same analysts who’d paid zero attention to the sapphire industry, or GT, doubted the strength of the contract and said GT shares were overvalued.

    They’re wrong.

    In fact, not only is GTAT not overvalued, it hasn’t even broken out yet! But it will…

    Apple Wants Sapphire… Badly

    Records filed with the U.S. International Trade Administration show that Apple and GT are already expanding their sapphire-production operation at the Mesa, Arizona facility.

    This is the world’s only sapphire production factory that will run 24/7. And it will crank out even more sapphire than first thought.

    Previous records indicated that the number of sapphire furnaces at Mesa would be capped at roughly 950 units. But now, the f

    Sentiment: Strong Buy

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GTAT
17.81+0.13(+0.74%)Aug 29 4:00 PMEDT

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