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More on GT Advanced Technologies' (GTAT) FQ3: The maker of solar manufacturing gear reiterates...

More on GT Advanced Technologies' (GTAT) FQ3: The maker of solar manufacturing gear reiterates its FY12 revenue guidance range of $950M-$1.05B, but is slightly lowering EPS guidance to $1.45-$1.60 from a prior $1.45-$1.65. GT, which had no debt at quarter's end, also says it obtained a $175M credit facility and a $75M term loan facility. GTAT -5.8% AH. (PR)
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  • Furbonacci
    , contributor
    Comments (370) | Send Message
     
    Trading at less than 6x EPS with a backlog that has survived this glut of PV inventory. STP and the like rely on GTATs technology to make them competitive. Do you remember the stories about the gold rush in the 50s? It was the people selling overalls and pick axes to the miners that got rich - not the miners. Think of GTAT as a gold miners superstore in the 50's. BUY.
    1 Feb 2012, 06:55 PM Reply Like
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