LDK Solar Co., Ltd. (NYSE: LDK) came out with projections showing thats backlog for its solar wafer capacity is fully booked for 2008 and more than 90% booked for 2009.
The company confirmed that it increased its inventory levels to $380 million at the end of 2007. It also noted that inventory in transit was the most significant portion of the increase, growing from 263 metric tons to 752 metric tons during the quarter as LDK purchased silicon material from manufacturers around the globe.
LDK also gave an "environmental update" showing its methods of maintaining ecologically friendly processes, which is after reports that its supplier has dumped toxic waste and after previous headline issues. The company does have plants under construction, so it better hope everything runs on time and that no emergencies or accidents come up. The stocks is way off of highs now. Shares closed at $20.43 yesterday, yet the 52-week trading range is $19.69 to $76.75.
This almost trades as a value stock, assuming there are no problemsthat haven’t yet come out. This one has been under fire and has morethan one critic, so those "values" might have an asterisk behind them. Analysts have an average target north of $50.00. If estimates are accurate, First Call has 2008 EPS targets at $1.74 EPS and 2009 targets at $3.80.
Jon C. Ogg
March 13, 2008
Travel Cards Are Getting Too Good To Ignore
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
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We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
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