can drive the share price to a 52 week high, 70 positions eliminated and an additional $13.4 million write off!I'm not convinced GTAT has turned the corner yet. I'm out at $19.50
they pruned the trees and got rid of the dead wood. sir, that is very good news and the smart people obviously bought more shares and you did just the opposite. the IRS will be happy to hear from you.
The PR is a sign of an engaged management team telegraphing how they are pre-positioning for the growth that has been baked into expectations. It is great news. Large intra-day gains are shaking out 'weak hands' with high-conviction investors holding steady... all good news for gtat mid-term...
Some of those weak hands I'd not call weak - some have probably held since the 4's and want to grab their gains - more power to 'em! Don't know if I would have had the fortitude to hold the whole ride up so far. I'm just in at 16 and hope to hold for several years and hope to see a rational long-term trend develop as expectations are confirmed or exceeded. I think the hyper-rise of 400% is in the past but the story for a stable growth business going forward is there - especially if solar mainstreams even more, and with GTAT contributing to that mainstreaming.
you aren't very smart are you? Also in that note GT brass mentioned that they doubled the headcount, according to the plan they announced in mid March... THAT is what the market took away from the PR, that mgmt. is executing and firing on all cylinders.
Sentiment: Strong Buy