Good news bad new. Down she goes......
Seems to me the company is stronger now than it was 52 weeks ago. Still the price is almost the same.
Will solar market collapse completely?
GTAT will be bought out eventually.
They might take this stock down to $5 and offer $10 sale price.
Who ever bought above 10 has to book losses.
Shorts are in clear control unless company announces some more huge orders.
98% of their market is in Asia. Europe/U.S market meltdown have minimal impact on the earnings.
Yeah, $0 for a company that has $374m net cash as of last quarter and another $300m+ in cash in the form of non-refundable deposits that are not counted as cash and equivalents at the moment.
I would say the bottom in the event that the DOW dropped to 6500 again would be around $3 and at that point they would likely get bought out for around $10-15 given how cheap the company would be at that point.
No stock is worth $0, unless their current liabilities signifiantly outweigh their current assets and they are unable to fulfill their debt obligations.
Think before you post. Also, perhaps do some research as well.
SHORT TERM VOLATILITY PROVIDES TRADING OPPORTUNITIES ALTHOUGH THE STOCK COULD SEE NEW LOWS.