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  • 3 Takeaways From GT Advanced Technologies' Bankruptcy Filing [View article]
    Many companies emerge from Chapter 11 bankruptcy without completely wiping out common stockholders. Common stockholders are sometimes wiped out, but often the stockholders are given some stake in the reorganized company. Until GTAT publishes their initial reorganization proposal, nobody will know what will happen. Expecting anything better than significant dilution for common stockholders would be foolish.
    Oct 8, 2014. 03:01 PM | 1 Like Like |Link to Comment
  • 3 Takeaways From GT Advanced Technologies' Bankruptcy Filing [View article]
    Your analysis isn't very good. GTAT had a payment due, and not enough cash to pay it. They have a liquidity issue. But, while in bankruptcy GTAT won't have to make these payments that otherwise would have been due.

    They do have equity on the balance sheet. In its Chapter 11 petition that it had assets of $1.5 billion and liabilities of $1.3 billion as of June 28. However, they may have to write down some of the assets. But, they may also be able to convert some of the liabilities into equity, or otherwise reduce them. It is also unclear whether existing common stockholders will get any stake in the reorganized company. If the stockholders do get anything, it will almost certainly be a greatly diminished stake.

    GTAT will eventually emerge from bankruptcy with greater liquidity and less debt. Whether they will ever make a single sapphire screen for an iPhone is certainly questionable. You do however, rightly point out that the CEO's sale of $160K in stock last month looks very bad. And I do agree with you that this is a stock to avoid.
    Oct 7, 2014. 10:05 PM | 1 Like Like |Link to Comment
  • Symantec Looks Determined To Make A Grand Comeback [View article]
    I bet that the executive departures are more the CEO cleaning house than anything else.
    Dec 26, 2013. 01:42 PM | Likes Like |Link to Comment
  • UniPixel's CEO Discusses Q3 2013 Results - Earnings Call Transcript [View article]
    "This facility bodes more than 1,000 square feet of manufacturing space." Is that a typo? I've rented apartments bigger than that.
    Nov 7, 2013. 10:36 PM | Likes Like |Link to Comment
  • Uni-Pixel Investors Getting Fooled Again [View article]
    Who are you going to believe, this fake analyst who's short, or the real analyst from Cowen who's actually visited the manufacturing lines, and even posted photos?
    Sep 27, 2013. 05:50 PM | 5 Likes Like |Link to Comment
  • Sarepta gets boost from perceived ambiguity in drisapersen trial results [View news story]
    Vaguely bad news for $RNA is apparently good news for $SRPT
    Aug 16, 2013. 10:45 AM | Likes Like |Link to Comment
  • Uni-Pixel: UniBoss Looking To Be Another Failure For The Company [View article]
    Yahoo says they report Aug. 5th.
    Jul 10, 2013. 09:55 AM | Likes Like |Link to Comment
  • Uni-Pixel: UniBoss Looking To Be Another Failure For The Company [View article]
    One comment that I'd make is that the issues the author has about the diamond film don't make too much sense. Why would you compare a thin film coating against gorillia glass. I know that when testing Mohs hardness, a plastic pick would have a Mohs Hardness of 2, so the company's coating that has a hardness of 6 is a good thing.
    Jul 6, 2013. 09:05 AM | 2 Likes Like |Link to Comment
  • The Risk And Reward Of Uni-Pixel, Inc. - Tread Lightly [View article]
    Just to be clear, UNXL does have revenues these days. They had over $5 million in revs the March quarter, which was the first time they had meaningful revenues.
    Jul 1, 2013. 05:48 PM | 2 Likes Like |Link to Comment
  • My Layman's Explanation Of MREITs In The Current Market. Did I Get It Right? [View instapost]
    Seriously, you don't believe that the mREITs like MFA, NLY, etc. borrowing costs will continue to rise? I know that MFA reports its borrowing costs every quarter. You are right, it hasn't risen in the recent past, but everyone expects it to rise. We just have to watch carefully.
    Jun 26, 2013. 06:32 PM | Likes Like |Link to Comment
  • My Layman's Explanation Of MREITs In The Current Market. Did I Get It Right? [View instapost]
    I think that the better example would be to show that the mREIT will borrow short term money. Let's say the current rate is 2%, and they buy Mortgages currently yielding 5%. If they currently borrowed $1 billion and own the same amount of mortgages, then the example mReit will earn $30,000,000. If they currently have 30,000,000 shares outstanding, and pay everything out to shareholders then the dividend would be $1 per share. The problem is as you say, the short term interest rates are going up. So, lets say that the mREITs borrowing cost goes up to 2.5%. That means the company will only make $25,000,000 since the mortgage investments are fixed rate. The dividend will go down to only 83 cents. The stock price will drop accordingly since the investors will be able to get higher returns elsewhere as the mREIT spreads shrink.
    Jun 21, 2013. 02:08 PM | Likes Like |Link to Comment
  • Groupon's Ominous Balance Sheet [View article]
    This article makes very little sense. Goodwill is a nice thing to have on your balance sheet. You get to amortize it over a period of time, and offset profits in order to avoid paying some corporate taxes. According to the latest report, GRPN has almost $23 million of expected amortization expense of intangible assets in 2013.
    May 1, 2013. 05:36 PM | Likes Like |Link to Comment
  • Tim Cook: The (Negative) $250,000,000,000 Man [View article]
    Awesome article! I especially like: "Cook is appearing more like a man watching his house burn to the ground while he tries to decide if the time is right to use the fire extinguisher he is holding in his hands."
    Apr 22, 2013. 06:46 AM | 1 Like Like |Link to Comment
  • AK Steel: Overvalued At $2.82/Share [View article]
    Debt load to Market Cap is a stupid indicator. It has no meaning at all. What you should analyze is whether their EBITDA is enough to pay the interest.
    Apr 20, 2013. 07:08 AM | 1 Like Like |Link to Comment
  • Goldcorp: A Solid Buy On Annual Dividend And Revenue Growth [View article]
    GG's revenue can only increase if the price of gold keeps increasing. If the price of gold stays the same or declines, even the meager 2% dividend isn't safe. Buy GG is a gold investment, not a dividend play.
    Jan 12, 2013. 11:24 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
15 Comments
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