The buzz about alternative energy should continue to grow with a leaner economic expectations (i.e. spend smarter for the long term). China, with booming internal needs and added external global warming concerns, is certainly showing strong interest in alternative energies, especially solar. LDK manufactures multicrystalline solar wafers, the principal raw material used to produce solar cells - and has clients around the globe. LDK seems to be in the midst of a strong momentum trend, and this momentary hiccup seemed like a good time to jump in. Just this summer ROE improved -24.2 to +10.1 and ROA improved -4.2 to +1.9. ABR has trended down to 2.04 with the PEG at .47 and falling Debt/Equity is .55. Earnings estimates for last 60 days: Q1 +89% to .34 and F1 +74% to 1.01. Next report date is 22Nov.
Posted about 1 hour after the trade