Seeking Alpha

GT Advanced surges; Goldman ups PT, praises Apple deal

  • Goldman, which launched coverage on GT Advanced (GTAT +6.7%) a month ago with a buy, has hiked its PT to $24 from $20. The firm thinks a next-gen iPhone will be worth $15/share to GT in a base-case scenario, and $25/share in an "upside case" scenario.
  • Last week, AppleInsider reported Apple and GT are looking to expand their new Mesa, AZ sapphire facility, and that the current facility should eventually contain 1.7K sapphire furnaces.
  • Is another short-squeeze taking place? 26% of GT's float remained shorted as of March 14.
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Comments (4)
  • AlbionWood
    , contributor
    Comments (864) | Send Message
    "26% of GT's float remained shorted as of March 14."
    Can someone please explain to me how that works? It was 40 to 50% shorted back when it was $4 - now it's quadrupled, and still 25% short! Is this a clever way to get rid of the excess money the Fed is creating? ;)
    2 Apr 2014, 11:19 AM Reply Like
  • Michael Slattery
    , contributor
    Comments (231) | Send Message
    Time for a new motorhome, now accepting "excess money" ;√)
    2 Apr 2014, 12:05 PM Reply Like
  • seroga07
    , contributor
    Comment (1) | Send Message
    Awesome. Been Long on this stock for awhile. Love when it pans out.
    2 Apr 2014, 02:21 PM Reply Like
  • marcbiz
    , contributor
    Comment (1) | Send Message
    Am also interested in your question.


    2 Apr 2014, 02:21 PM Reply Like
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