by Nick Hodge, Outsider Club:
Flashback to the faraway time of this past August.
We lost Robin Williams, ISIS entered our vocabulary, and the world eagerly awaited an Apple announcement.
But something else happened in August of this year.
On the 26th, Piper Jaffray (NYSE: PJC), the full service investment bank with a market cap of $800 million, resumed coverage on GT Advanced Technologies (NASDAQ: GTAT).
Piper analyst Mike Ritzenthaler was bullish, and told investors to buy shares of GT Advanced into the upcoming release of the iPhone 6. Shares are expected to react “sharply,” Mike said to newsflow about the company’s sapphire content in the upcoming iPhone.
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