GTAT: The Dangers of Concentrated Financial Leverage
Harold, a dear friend, called me early this week and told me about GT Advanced Technologies (GTAT). The company’s stock closed at $11.05 per share on Friday, October 3, 2014 and declared bankruptcy following the weekend, on Monday, the 6th. The stock closed at .80 a share that Monday. Later this week, a good friend, Bill, e-mailed me and suggested I write about GTAT in this week’s post. Thanks to Bill for making the suggestion. […]