LDK Solar Co., Ltd. (LDK)

puccini3005 (< 20) Submitted: 5/15/08 1:27 PM : Start Price: $35.63 LDK Score: 9.09

I'm finally doing what I should have done months ago - giving the green thumb to this solar wafer manufacturer:


LDK has put to rest the rumors and allegations of inventory problems and misrepresentation that crushed its surging stock price last year.


As I pen this, they have a 4.08B enterprise value with a 3.8B market cap, along with 26.16 trailing PE and 9.49 forward PE. In this hot industry, with their proven growth, those numbers make this stock look pretty cheap.


LDK has a slew of contracts to go forward on, which promises a steady stream of revenue for several years to come.


These facts assuage my concern for declining margins enough to make the stock an attractive buy.


Speaking of those margins, here is a great fool article addressing the issue, in case you missed it:


http://www.fool.com/investing/high-growth/2008/05/14/ldks-a-future-play.aspx





A press release on 2008-9 contract backlog:


http://biz.yahoo.com/prnews/080313/aqth065.html?.v=41

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