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The Company manufactures multicrystalline solar wafers, which are thin sheets of crystalline silicon material primarily made by slicing multicrystalline ingots or monocrystalline boules.
Another failed solar company that is about to go belly-up.LDK got too aggressive in taking out debt right before the downtown (2007-2008). Their revenues have fallen by 70% since then and margins have turned sharply lower. Take note that last year, LDK's net loss more than 10% greater than its TOTAL revenue. That's bad news here, folks.Subsidies are drying up, and costs per MW are still moving lower. I'm still bullish on concentrated solar as a potential low-cost, regional power source. But solar PV companies (LDK included) are really going to have it rough for the next few years.TMFFlushDraw wrote a great piece about what it would take for solar companies to get back to profitability: http://www.fool.com/investing/general/2013/07/17/can-chinese-solar-companies-make-a-profit.aspx?source=itxsitmot0000001&lidx=1. For LDK, 28% gross margins just aren't going to happen. It's only a matter of time until the lenders demand their money back and the music stops playing.
you will be sorry
and why did u not close this yet (today)
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