cos1000

Two Calculated Risks Possibly Worth Taking

David White

If you go to the FORM 6-K filed with the SEC, dated 11/19/08 you will find that the 106M shares outstanding (TD Ameritrade) is for 6/30/08, and the 113M is for 9/30/08 quarterly filing. Short Interest is also being effected by $400M in 4.75%, Senior Convertible Notes that have been sold over the Summer Months and have Prospectus updates filed with the SEC, if interested. These notes would routinely have the buyers also short the underlying equity to hedge their investments. The notes also have a convertible price of roughly $39 / share at maturity.

The only other point that I would add is if LDK it truly going to Rally in January because of Obama's green infrastructure, you need to keep in mind that LDK is a China based vertical manufacturing operation, with its US based offices in California. Its shares here are ADS and its company registration is with the Caman Islands, not the US. It may not benefit from a US push to increase a manufacturing industry here in the US.

Two Calculated Risks Possibly Worth Taking

David White

TD Ameritrade does not list shares in short interest, they simply give a % of the Float as 34.5% and Outstanding Shares as 106M. I don't know where you got your 32.8 M shares outstanding for LDK from. I have found TD Ameritrade to be in error before with this statistic (% short interest)

SchaeffersResearch.com & Shortsqueeze.com are in agreement with 112.9M outstanding and between 11 - 13 M shares short or around 11%. Shaeffersresearch.com only gives short shares data from 12/1 and shortsqueeze.com is more current 12/15. These statistics are relevant to your analysis if you think much of the Obama rally for LDK will be due to a Short Cover or Squeeze.


On Dec 28 12:58 PM David White wrote:

> searcher68: I think shortsqueeze.com is in error. TD Ameritrade shows
> only 32.8M shares in the float. This agrees more closely with my
> recollection that Mr. Peng still owns more than 60% of the stock
> in LDK (i.e. this stock is not traded and is thus not considered
> part of the float). It is possible this situation has changed without
> my knowing it. However, it seems more likely that someone at shortsqueeze.com just made a careless error.

Shipping is Shaping Up - Cramer's Lightning Round (5/27/08)

nyka....oops be is bee

Shipping is Shaping Up - Cramer's Lightning Round (5/27/08)

nyka.....wow this is and investment site, not grammar school or a spelling be, grow up alot, please.

gebby...I bought ldk at $34.50, was sold out of it at $41, and am now kicking myself for what I thought was a good trade when I saw it go to $46. Cramer is only now talking about it. I like it as a "green" play but am a little concerned about its Cayman Island Incorporation, as a China based company. I'm sure my fear is based mainly in my ignorance of this company's real potential, and fear of all things China. I agree that fslr has been over hyped, but it is a US company, under more transparency with the SEC. In the current climate for all things "Green" , it may still play, you just have to watch your entry points and watch out for the price of oil.

LDK Solar Worth $23B?

I think some of the WS animosity comes from the fact that LDK is a Cayman Island Incorporated company. In LDK's governance documentation, which states the significant differences in the standards of Corporate Governance between Cayman Islands and NYSE, their may restrictions on WS investor participation. They actually might not be able to own this company because of their managed fund guidelines.

Does anyone know if this is true or not. The major differences appear to be Executive Compensation reporting and Independent Director Board Composition and their executive session meetings. The full document is at ldksolar.com, under corporate governance.