People, do a simple look into history of GFS and it's capacity utilization. understand a bit about the industry. Don't blindly listen to Cramer. He doesn't have time to look deeply into anything. He's advice is pure follow the momentum
My objective to prevent hard working folks from loosing their life savings.
GFS may jump short term due to hype and euphoria over semiconductor shortages.
consider these facts:
1. GFS is recycled junk. AMD sold it to Abudhabi, now they're trying to off load it to foolish investors.
2. intel building new foundry in AZ, TSMC looking to build foundry in US.
3. GFS can't compete on high end semiconductors, they can only go
after left over businesses. why they have under utilized capacity.
4. not profitable. how many years now?
5. understand the industry. u don't buy a house without knowing the neighborhood. look what happened to Singapore's Charter Semiconductor, also many unsuccessful state backed Semi. its a tough business.
6. interest rates going up. easy money won't be around, u better be holding good companies not speculative ponzi schemes
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