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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.
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?
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