Andre S

LDK Solar Has Caught My Attention

LDK raised US$200 million selling shares at $41 weeks ago and company is full of cash. They project net earnings of more than $ 4.50 per share for 2008 - $480 million profit - and LDK usually beats expectations. Share dropped to $16 from $50 since August. Today, 2008 Earnings are 28% of the valuation of the company. LDK closed huge and long contracts were they received 10% upfront. All production is sold until 2010. Profitability guarantee in a meltdown world. $16 per share is absolutely a bargain.