The Company manufactures multicrystalline solar wafers, which are thin sheets of crystalline silicon material primarily made by slicing multicrystalline ingots or monocrystalline boules.
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Get out of this stock while you still have time. LDK is a fraud to begin with. LDK officials lie and lie and lie month after month on company's performance. Eitheir they can't forcast their business or stupid, perhaps both. I can see this stock sliding down to less than $1 a share even if the macro economic conditions improve. It is a very cash intensive business and LDK is at the end of the rope.
I thought I read somewhere that LDK had a multi-bilion dollar line of credit with a major Chinese bank. Any truth to this?