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  • How A Company That's Worth $1.5 Billion On A Friday Could Go Bankrupt On A Monday

    From businessinsider.com

    GT Advanced Technologies, which makes sapphire glass components for smartphones, filed for bankruptcy on Monday. Sapphire glass is an ultra-strong material, which Apple uses on both the camera lens and fingerprint scanner on the new iPhone. However Apple doesn't, contra to some expectations, use the material for the iPhone's main display. The move caught the market flat-footed, and after the announcement, shares of the company were down 90%. The drop in shares of GT Advanced on Monday has taken the company's market cap from roughly $1.5 billion Friday to about $175 million. At least one analyst that Business Insider ... (full story)

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  • Post #1
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  • Oct 6, 2014 3:15pm Oct 6, 2014 3:15pm
  •  Vachus
  • | Membership Revoked | Joined Jul 2012 | 57 Comments
Because it's paper value, a hobby u guys in journalism likes to do from time to time mixing the word " value " with " worth". While in the process get the public confused over "assets " and inflated valuation.
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  • Oct 6, 2014 5:27pm Oct 6, 2014 5:27pm
  •  sidhujag
  • Joined Apr 2009 | Status: Non-Member | 912 Comments
oversold.. buy double up!
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  • Oct 6, 2014 9:39pm Oct 6, 2014 9:39pm
  •  Master_kiwa
  • | Membership Revoked | Joined Jun 2013 | 60 Comments
Quoting sidhujag
Disliked
oversold.. buy double up!
Ignored
How about this... Why donīt you buy it... Andwait for it to be reverse spilt so your shares can then be worth 99% less.
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  • Story Stats
  • Posted: Oct 6, 2014 3:06pm
  • Submitted by:
     Newsstand
    Category: Entertainment News
    Comments: 3  /  Views: 2,628
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