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Apple's Sapphire Partner GT Advanced Technologies Files for Bankruptcy
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Fact is that is how they generally do things. They either hit a home run, or they strike out. Their strike outs have been on less notable products/services for the most part, but they do exist. What you don't want is for them to miss on a big one. It will happen, just a matter of when.
Its not that easy. Apple need to account for any money spent to the shareholders. Wouldn't that be nice if Apple could go around and purchase up any company they see fit?
Yep, I think those are extremes, and the truth is somewhere in the middle.
People try to find order from chaos. They want to believe that Apple has detailed five year plans, etc.
In real life, things aren't that neat, not even with Apple. From books, trial evidence and interviews, we've learned that Apple execs are like anyone else, and have made last minute changes and snap design decisions. It's not all years of careful R&D like Apple tries to publicly portray.
Heck, entire product roadmaps can change on a dime. Like when Jobs decided to work on a phone before a tablet. Plus strong personalities can play a huge part, especially at Apple.
I have a trading account and I have money to blow! But I'm not sure if this is a good investment or not. If Apple dropped them, I don't believe they'll be doing any business with each other in the future, so what customer of theirs would make the stock value go up?
This entire concept of treating investing as "money to blow" really mystifies me. What are you doing to invest when you're not throwing the dice on the craps table or spinning the big wheel of fortune?
Great video thanks for the link. That guys confirms what I thought, a sapphire screen (pure sapphire) does not have near the bendability as something like gorilla glass but it's great when it comes to scratch resistance. Pure sapphire seems to be great for things like the camera lens, the home button, and I have a feeling, the new Apple watch.
I think (and hope) engineers will perfect a way to use sapphire with other materials to give us the hardness of pure sapphire screen with the flexibility we need in an iPhone. That video shows the iPhone 6 screen is much better (harder) than the iPhone 5. I will add this ... I really wish Apple would give us "low glare" screen option versus having to install a 3rd party anti glare cover.
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Wasn't this Standard Operating Procedure for some really big retailer?
Place huge appliance order with tiny corp.
Wait for tiny supplier to massively expand production.
Find minor flaw and cancel order.
Tiny corp goes bankrupt.
Big retailer buys remains from debtors, cheap.
Order lots of stuff from new wholly owned subsidiary.
Place huge appliance order with tiny corp.
Wait for tiny supplier to massively expand production.
Find minor flaw and cancel order.
Tiny corp goes bankrupt.
Big retailer buys remains from debtors, cheap.
Order lots of stuff from new wholly owned subsidiary.
Why would a company file for this if they weren't sure they would be in trouble. ?
That mean's there is doubt within the company.
Probably Apple's pushing to ranking up large continuous volumes of Sapphire....
So it's Apple's fault...... There's a news flash
That mean's there is doubt within the company.
Probably Apple's pushing to ranking up large continuous volumes of Sapphire....
So it's Apple's fault...... There's a news flash
Or did apple recall the loan? That would certainly do it...
http://www.businessinsider.com/gt-advanced-files-for-bankruptcy-oct-6-2014-10#ixzz3FSGK5JQ6
Jeffrey Osborne, an analyst with Cowen & Co., wrote that Apple, which lent GT $578 million as part of a supply agreement last November, "had the ability to call the interest free loan back and it appears they have done that."
http://www.businessinsider.com/gt-advanced-files-for-bankruptcy-oct-6-2014-10#ixzz3FSGK5JQ6
Jeffrey Osborne, an analyst with Cowen & Co., wrote that Apple, which lent GT $578 million as part of a supply agreement last November, "had the ability to call the interest free loan back and it appears they have done that."
It would open them up to new customers. it's a big market.
Already up 23% right now.
make that 13%
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Anyone else holding shares in GT? Down 90% today. Great way to start my morning.
Fun tip for future investing, don't invest in things because you think they're cool or you read about them in the news.
Invest in companies with solid numbers and this stuff will happen much less frequently.
Anyone else holding shares in GT? Down 90% today. Great way to start my morning.
Incidentally, I was thinking about buying. Do you think it will go back up? Seems like it will eventually. I mean they still make the home button & camera lens covers right?
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So don't buy...?
When you're taking a chance on a high risk investment, you should *only* do so with money you can afford to lose (aka: "money to blow"). This appears to be an example of someone doing it *right*.
I bought these shares as a flyer. I knew it was risky, but didn't see them filing for bankruptcy. I didn't buy more than I could afford to lose.
The question was whether the person with "money to blow" was using any other investment strategy. Note the lack of response to that question. In a world where people routinely buy lottery tickets with their grocery money, I can hardly be sure that anyone who talks about blowing money on a long shot investment is investing in any way that makes sense.
Note also the continued questions about whether it's worth investing in this stock, all ignoring the many already stated cautions about the very tiny possibility of making money by speculating in bankrupt companies.
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They have already filed for bankruptcy.
Fair enough, if you're only making side bet on this very risky proposition. I still think it's a waste of money, but then I bought AAPL in 1997. A lot of people thought I was crazy, but at least the company wasn't in bankruptcy and I knew quite a bit about their business.
Can you explain to me how you labeled this as a risky buy? Isn't it likely that sapphire glass will be in the majority of phones in the future? At $.80 - $1.50 a share wouldn't this stock have a tremendous amount of upside? Even if it won't reach it's all time high, I would be happy if it increased 3-5 fold. Sorry for the questions I'm not an experienced trader yet.
Right, GTAT was just making them for fun, not for Apple. They just didn't realize buying a lot of sapphire could be bad if they couldn't pay for it.
If for no other reason, because the company is in bankruptcy and equity holders are the lowest priority in bankruptcy. I've posted on the risks in more detail higher up in this thread. Also, it seems to me that Apple was GT's major customer and that this relationship has evidently gone south (and was the cause of the bankruptcy filing). I personally don't know enough about their business to say whether they have a future, but I do see the red flags.
Wee need the whole story here, I smell a rat, perhaps an effort to move the jobs overseas to china.