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Zach Tripp

 
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  • GT Advanced Technologies: Nowhere To Go But Zero (And Yes, I'm Shorting It Here) [View article]
    If you short the stock now, who do you sell it back to when it is at $0.10??
    Oct 10 09:00 PM | 1 Like Like |Link to Comment
  • How Microchip Ramped Earnings With 8-Bit Devices [View article]
    If I recall, it is not uncommon for $MCHP to have an 18-20 P/E ratio on forward earnings. The announcement today is a clue to start determining your buy point....
    Oct 9 09:10 PM | Likes Like |Link to Comment
  • Microchip issues FQ2 warning, thinks industry correction has begun [View news story]
    @Bluesterman - how long have you been following $MCHP?
    Oct 9 09:06 PM | 2 Likes Like |Link to Comment
  • GT Advanced Technologies: Can Current Shareholders Walk Away With Any Value? [View article]
    Tri-

    Apple debt = $439,000,000 (first three pre-payments)

    Notes = $434,000,000 (2017 and 2020)

    Oct 1 - GT had a $3.3-million interest payment to make on the notes. Next payment is $3.2-million due Dec. 15th.
    Oct 8 10:09 PM | 4 Likes Like |Link to Comment
  • GTAT: Review Of 10-Q / ASF Asset May Belong To Apple Now [View instapost]
    I agree and I am disappointed in myself and the company. I tracked the fundamentals closely for some time but I become confident in Tom G. and the direction of the company. My original thesis was a solar play. I think solar is the only real scaleable alternative energy and as GT lowers the cost to mfg., it should lower the cost of installation and increase adoption.

    I think GT really needed that steady cash flow component to smooth out the ups and downs of demand for capital equipment.

    I echo your comments, I am surprised by no equity offering, unless Tom G. waited until the last minute and had no choice. It will be interesting to see how this all unfolds. i would assume there will be no public comments until after least the file court hearing.
    Oct 8 09:53 PM | Likes Like |Link to Comment
  • Altria On Track To Growing Top Line Despite Hardships Across Industry [View article]
    Some quick calculations using data from Yahoo! Finance, the trailing 12 months, I get $7.275-Billion in FCF, with $3.755-Billion going to dividends (56% Dividend payout) and $812-Million in share repurchases.

    A total payout ratio of 63%.

    Long: MO (with the house's money)
    Oct 8 06:46 AM | 1 Like Like |Link to Comment
  • Did GT Advanced Technologies Mislead Investors? [View article]
    Correct griffbos- Apple should get the equipment in the Mesa plant along with the equity of GT Equipment Holdings, LLC. If the deal was ethical on Apple's part is another question.

    ..The Company's obligations under the Prepayment Agreement and MDSA are secured by (i) the assets held by GT Equipment Holdings LLC (see below) (a wholly-owned subsidiary of the Company and the legal owner of the ASF systems and related equipment used in the Arizona facility that were purchased with the Prepayment Amount) and (ii) a pledge of all of the equity interests of GT Equipment Holdings LLC
    Oct 7 11:07 PM | 1 Like Like |Link to Comment
  • Did GT Advanced Technologies Mislead Investors? [View article]
    Worksalot, the answers to your questions are all in the 10-Q from last quarter.

    Brief summary: http://seekingalpha.co...
    Oct 7 11:02 PM | 1 Like Like |Link to Comment
  • Did GT Advanced Technologies Mislead Investors? [View article]
    This is probably the most mis-leading statement from the last 10-Q - which is offset by the paragraphs of risk around the Apple deal and their repayment of Notes.

    "The Company is currently in compliance [in reference to the Master Development and Supply Agreement ("MDSA") with Apple], and based on the Company's operational plans and financial forecasts, the Company **expects** to maintain compliance with the operating metrics and financial covenants in the Prepayment Agreement and management **believes** that the Company will have sufficient cash resources to fund operations for at least the next twelve months."

    http://seekingalpha.co...
    Oct 7 12:58 PM | 6 Likes Like |Link to Comment
  • Update: GT Advanced Technologies Applies For Chapter 11 Bankruptcy [View article]
    Apple's loan to GT was secured with the equity of GT Equipment Holdings LLC, a wholly-owned subsidiary of the Company and the legal owner of the ASF systems and related equipment used in the Arizona facility.

    Looks like Apple probably will own the facility and the equipment in the facility. Way to go Apple.

    http://seekingalpha.co...
    Oct 6 10:57 PM | 1 Like Like |Link to Comment
  • Keep Away From GT Advanced Technologies Equity [View article]
    I agree Ugly Duckling, trying to give Sanibel a more realistic picture in regards to "book vlaue" - which, there may not be any at this point.
    Oct 6 08:52 PM | Likes Like |Link to Comment
  • Keep Away From GT Advanced Technologies Equity [View article]
    Sanibel, GTAT press release says as of 29-Sept-2014, they have $85-million in cash, which is $0.62 per share. As of the end of last quarter (June-2014), they had $379,514,000 in current liabilities.
    Oct 6 08:01 PM | Likes Like |Link to Comment
  • Keep Away From GT Advanced Technologies Equity [View article]
    Be careful Glenn, the tangible book value at the end of last quarter was closer to $0.50, and I assume they have let cash now than they did then.
    Oct 6 03:56 PM | 3 Likes Like |Link to Comment
  • Keep Away From GT Advanced Technologies Equity [View article]
    Sorry 3z. I am out also, not as much as you though. It is painful for long-term investors (like years for me).
    Oct 6 03:51 PM | 2 Likes Like |Link to Comment
  • Keep Away From GT Advanced Technologies Equity [View article]
    Yes, on the tangiable assets, you have to assume liquidation prices. Also, who is going to buy all that inventory? Assume inventory is sold at $0.25 on the dollar.
    Oct 6 03:50 PM | Likes Like |Link to Comment
COMMENTS STATS
413 Comments
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