Gt Advanced Technologies Inc (NASDAQOTH:GTATQ)

CAPS Rating: 3 out of 5

GT Solar International designs and manufactures equipment that is used to produce solar wafers and cells. It also provides services for the production of photovoltaic wafers, cells and modules, and polysilicon."

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Player Avatar cibient (< 20) Submitted: 8/3/2011 11:09:27 PM : Outperform Start Price: $13.54 GTATQ Score: -162.85

Very nice earnings release, increased cash and reduced debt, backlog is very healthy. This kept showing up on my Magic Formula screen but for some reason I kept thinking it was for a Chinese listing.Cons for this are the 14% short interest (though could be a Pro due to short squeeze), and no open market insider buys to speak of.MagicDiligence.com stats:Results for ticker 'SOLR' (GT Solar International, Inc.):Earnings Yield:   16.3%MFI Return on Capital:   128.7%MagicDiligence Research for 'SOLR':Research Available for SOLR! (full membership required - upgrade here)Instant Diligence:The Earnings Yield of 16.3% is Very High.The MFI Return on Capital of 128.7% is Very High.Near-term Financial Health appears to be Very Good. The current ratio is 1.52.Calculations:(for quarter ended 2011-03-31)Market Cap   =   Stock_Price * Shares   =   13.06 * 140.90   =   1840.18Excess Cash   =   Cash - MAX(0; (Current Liabilities - Current Assets + Cash))   =   362.75 - MAX(0; (541.91 - 824.74 + 362.75))   =   282.82Enterprise Value   =   Market Cap + Total Debt - Excess Cash   =   1840.18 + 120.31 - 282.82   =   1677.67MFI Invested Capital   =   Total Assets - Goodwill - Intangibles - Current Liabilities + Short Term Debt - Excess Cash   =   1126.29 - 85.18 - 22.70 - 541.91 + 18.75 - 282.82   =   212.42Earnings Yield   =   Operating Earnings / Enterprise Value   =   273.30 / 1677.67   =   0.163 (16.3%)MFI Return on Capital   =   Operating Earnings / MFI Invested Capital   =   273.30 / 212.42   =   1.287 (128.7%)

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