semi-guru

LDK Solar Lowers Sales Outlook, Delays Factory Plan

Maybe it will help if they state "LDK expects lower average selling prices for its products and lower wafer shipment THAN PREVIOUSLY GUIDED this year." This is all about painting a rosy picture in November which was unsustainable, and not acknowledging it until the qtr was over, and the market already knew it in November. Everybody knew it except LDK. THAT is why they're getting hammered. Its not over the numbers, its over the lack of visibility into their own business, when the analysts called it 6 weeks ago. Bottom line, you're parsing words here, nothing more. As I said, I am long LDK, but I'm pretty angry that they have been silent until qtr-end and THEN say they will miss by 20%. There's no excuse for that. It will turn around though, their business is strong and they remain highly profitable.