Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I sold the stock at 1.20 pre split. I vehemently warned everyone immediately, stating why i sold. They told me i was just trying to scare them and get their shares cheaper (oh brother!) and threw tomatoes at me. It is now trading at .04 pre split. You do the math.
Tell my why you are invested in this. Seriously, tell me. Have you looked at their balance sheet, income statement and cash flow? Have you read their PR's?
Tell me why you would invest in this.
I have a feeling Jinko will be the ONLY solar to post a profit. Unless some equipment makers, like GTAT do.
Maybe that is why the company is so poor at press releases?
Maybe THEY DONT HAVE ANYTHING TO RELEASE because the company itself is inadequate!
Don't yell that the company, yell at yourself for going long in it.
Good luck to you. But your most likely not going to like the outcome. There are SOOOO many better investments out there.
Again, good luck.
With all due respect, i did claim a victory. I got out at a profit. If i would have held like everyone else who 'married' this stock, i would be down about 95% right now, and would need a 20 bagger to just break even.
I would call that a victory, no?
Just wanted to leave your insulting post up so i could come back to it to prove a point. I sift through almost a hundred financials a month. Do i always win? No.
As you must already know, i was in NEPH a LONG time ago, for over a year. I got out at a PROFIT (albeit not much of one) for so many reasons that i discussed OVER 2 years ago. It was all in their PR's and their Financials. ALL YOU HAVE TO DO IS FRIGGIN READ! This was such a loser i don't know how anyone could not see it coming. Anyway, i was ridiculed and scorned for giving my honest asseseement of Neph and ENCOURAGING everyone to get out. That was at a price of 1.20 (when i got out, before all these splits!)
But Neph was/is the most obvious losing investment i just cannot figure out how anyone could do their DD on this and invest in it.
Anyway, who was right and who was wrong?....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67491209
Poly prices are just murdering LDK right now. MURDERING!
I and many others did not see the collapse in poly coming.
I thinkt he thing with JKS is that while all other solars cannot stay afloat at current ASP's, Jinko can still turn a profit.
SImply put, many solars are and will be going under, dumping their excess panels at very little cost. Jinko can still compete with those prices their costs are so low!
And poly going down to $40 a kilo only helps jinko.
Buck. Neph has not, is not or will be profitable and will have to either dilute more or incure more and more debt until they go BK.
They have shown me NOTHING for me to even think this will reach anything except under a dollar and into the cents again.
Jinko's CC (from JKS yahoo board).....
The company said they have not received any order cancellations. They have not let any employees go and have continued all training programs. They said that the pricing on a "tolling" contract will be very good as there is over capacity in the market and that provides for them the ability to negotiate a very good price. After the plant reopens, they have no plans to continue tolling. The tolling contract will be signed and announced in the next day or two. This will give visibility to earnings, however the price per unit increases were discussed and they are increases by only a few cents.
Considering that there will be no downsizing and no layoffs, this company's book value should remain in tact.
The company has no problem getting short term loans and already has more than enough established credit to borrow on at anytime.
They have already begun purchasing shares at these prices for their $30m in authorized shares to buyback.
And for those following the government support of this company, they are the largest taxpayer in their city.
very good points.
Jinko's CC (from JKS yahoo board).....
The company said they have not received any order cancellations. They have not let any employees go and have continued all training programs. They said that the pricing on a "tolling" contract will be very good as there is over capacity in the market and that provides for them the ability to negotiate a very good price. After the plant reopens, they have no plans to continue tolling. The tolling contract will be signed and announced in the next day or two. This will give visibility to earnings, however the price per unit increases were discussed and they are increases by only a few cents.
Considering that there will be no downsizing and no layoffs, this company's book value should remain in tact.
The company has no problem getting short term loans and already has more than enough established credit to borrow on at anytime.
They have already begun purchasing shares at these prices for their $30m in authorized shares to buyback.
And for those following the government support of this company, they are the largest taxpayer in their city.
Yeah, you are correct, the slide started well before this incident. But Jinko really, really got pounded the day the riot took place. Did not help out other solars that day either.
I think a handful of solars will go belly up. Solar is still big, and consumption is growing globally, BUT production is far outstripping consumption.
The only 3 solars that i am more than 95% certain will survive and flourish once some solars go under are Trina, Jinko and Yingli.
Jinko had contamination leak, killed fish in river, and residents are blaming couple local cancer deaths on Jinko.
Ends up, EPA found 10 times the amount of flouride in the local river. Jinko was fined about 80k for this, and are working on cleanup.
Its at Jinko's cell plant. The plant is shut down until the Chinese government gives the go ahead to resume production based on cleanup and making sure Jinko puts safety in place so this does not happen in future.
Jinko has been hit hard over this incident and so haev all the other solars.
It appears he is pumping the living crap out of RFMK now - some medical marijuanna scam?
well, for how much money he must have lost, i don't think i want to know what happened to him. Its better to not find out IMO.
LOL
And yet, Jinko is growing faster than every one of those on that list. That is a fairly bad list, IMO.
New favorite solar here. Formerly extremely long LDK. LDK balance sheet extremely risky now though.
French nuke blast could give solars a small boost.
FWIW, i sold my LDK a few weeks back at $6.06
I just picked up today, after scouring financials for a week on all the solars i follow, 1k JKS at 10.51
The market in general is dropping, and it may pull all solars down a little more. Whatever you go into, i would not recommend going all in yet as it may not be the bottom, but it is REAL close.
The RSI of Jinko is at 24.01 as i type. It is EXTREMELY undervalued both technically and fundementally. Yingli is also in the same boat, just not quite as beaten down.
The latest quarter, which LDK greatly dissappointed, Jinko made 1.34 per share. That is crazy!
Alright folks, with the uncertainty of poly pricing going forward, and the extremely heavy debt that LDK has (and is due short term) and the inability to pay that debt through IPO of poly (which would be highly unsuccessful at this point), IPO of stock (would slaughter current holders ownership, diluting even PENGs ownership) and the inability to kick the debt down the street by issuing more debt (highly unfavorable terms at the moment)........
LDK is extremely risky. Extremely. I have scoured the financials and balance sheets of all the major solars that i follow, and will state that you are better to be in Jinko or Yingli at the moment.
Trina, formerly my #2 after LDK, is still up there and is my third choice as far as investment at this time.
Just today, Jinko breached IPO price for the first time (IPO's at $11.00) and is making more per share than any solar out there. They have very low debt. It is above and beyond any solar at the moment IMO. Yingli is #2, but they have quite a bit more debt than Jinko, but much less than LDK.
Hope everyone is doing well, and good luck to all! GO LIONS! GO WOLVERINES!
After they do a reverse split, it might go to a buck. But you will go from 1 million shares to one share :(
That hurt!
Love that sig, really cool.
They last announced on June 7th, so i would guess they will announce anytime between later this month to September 15th ish.
No announcement date has been given yet though.
Im thinking LDK can get above .50
Im very curious to where there earnings come in. It appears they will do much better than their peers have done. Why LDK is not one of the top 2 highest market cap solars, or top 2 PE solars is beyond me.
GT Solar is a very good company. But just like First Solar, its just too overpriced in comparison to the chinese solars.
He is truly one dumb dude, no doubt. But i will say this, the guy is extremely ambitious.
He thinks americans are idiots. And honestly, i cannot blame him for that, because Americans are the ones who bought this UK con-mans garbage based on horribly put together, mispelled and illogical press releases.
Ill confuse you with facts then.
The person dangling the carrot behind this who runs the dirty shell is jonathan bryant. He simply re-cycles a few shells, placing new faces (you call them management) as the front men of the closet businesses (most call them scams). He releases mispelled press releases with a ton of scam jargon attempting to hype the stock as much as possible.
His first releases on the scams are to establish this new product or service, and to try and show a big or growing market that the product or service is in. He then waits a week or two then does a few releases about some big contracts (that are absolutely made up).
There all scams. i have followed his scams for about 3 years now attempting to warn people.
Have fun losing money in this.
LDK Solar to Provide Modules for Largest Private Net-Metered System in Western Hemisphere
http://finance.yahoo.com/news/LDK-Solar-to-Provide-Modules-prnews-3434036099.html?x=0&.v=1
XINYU CITY, China and SUNNYVALE, Calif., Aug. 2, 2011 /PRNewswire/ -- LDK Solar Co., Ltd. ("LDK Solar") (NYSE:LDK - News), a leading vertically integrated manufacturer of photovoltaic products, today announced that the Company has signed an agreement with Advanced Solar Products, of Flemington, New Jersey, to supply 58,803 PV modules for the largest privately-owned, net-metered solar project in the Western Hemisphere at the East Windsor, New Jersey campus of The McGraw-Hill Companies ("the McGraw-Hill project").
Advanced Solar Products will install a 14.1 Megawatt (MW) state-of-the-art, ground-mounted system, using Advanced Solar Products' patented Solstice Mounting System. The Solstice Mounting System and the McGraw-Hill project have been approved by New Jersey's Renewable Energy Manufacturing Incentive (NJREMI) program, which provides rebates to New Jersey residents, businesses, local governments, and non-profit organizations that purchase and install solar panels, inverters, and racking systems manufactured in New Jersey.
NJR Clean Energy Ventures (NJRCEV), a subsidiary of New Jersey Resources (NYSE:NJR - News), plans to invest $60 million to develop and install the system. The clean, renewable energy produced by the project is expected to reduce the equivalent of about 10 percent of McGraw-Hill's annual carbon emissions.
According to the terms of the project, all panels will be delivered by November 2011. Construction on the project commenced July 22, 2011 and the system is expected to be fully operational by the spring of 2012.
"LDK Solar is very pleased to have been selected by Advanced Solar Products to provide the modules for this groundbreaking project," stated Xiaofeng Peng, Chairman and CEO of LDK Solar. "We look forward to partnering with Advanced Solar, McGraw-Hill, NJR Clean Energy Ventures, the State of New Jersey and the other organizations involved.
"LDK Solar has recently invested in the establishment of a U.S. based sales and marketing operation in Silicon Valley, California. A project of this magnitude represents a tremendous opportunity to further expand our North America presence. We applaud McGraw-Hill's commitment to renewable energy and look forward to helping bring this project to completion," concluded Mr. Peng.
Where is Monk and his followers now?
I thought this was going to a buck? They stated it would.
You do realize the person under the shell goes out and finds people to be their face (management), pump and dump, when they are done unloading and people realize its a scam, they get rid of the company (management), then wait for 6 monts to a year, find a new company (management) to be their interface, then repeat/rinse?
Are there people here that actually still believe in this scam? Or are there people here that are simply acting like they still believe in this scam so they can offload their shares to someone else that is as gullible as they once were?
In short, why are people still here?
I stand corrected, GCL poly overtook LDK in 4th quarter 2010 in both production and sales of silicon wafers.
LDK is investing into and ramping up heavily on cells and modules, with a slow ramp up of wafers and poly, while GCL will continue to ramp up heavily on poly and wafers.
Most do make very, very good money. As long as you don't have a conscience, you will roll. Have to be ambitious and somewhat of a salesman also.
Just the same as the other good news within the last 2 years that turned out to be nothing but more of a pump. Actually, one of their big pieces of news later deemed to amount to something like a whopping $50,000, which if you read the release, sounded like Neph was going to make millions.
Good for no one buying their pump effort.
Too lazy to look it up right now, but i am quite certain that GCL only passed LDK in 'CAPACITY' of wafers (what they could produce in a year) and not actual sales of wafers in megawatts.
LDK could have used its capex to ramp up wafers, but they, unlike GCL, want to become less dependent on only poly and wafer business and expand into cell and module, therefore, if there is more demand/higher asp for one of the units in the vertical, they can ramp that specific one up and cut back on the lowest demand/asp vertical.
They have to report that they sold the shares (filing to the SEC) just as they have to report that they bought shares (again, filing to SEC). But it can be filed after the fact within a certain amount of time if i am not mistaken.
Big, the only negative thing anyone can in fact say about LDK solar is that they indeed to have a lot of debt. They incurred a ton when they....
1) Initially planned and followed through with their polysilicon plants 2+ years ago
2) Built the largest cell/module plant in the world in Hefie which is just now coming into production this quarter and will ramp BIG TIME in the coming quarters.
So, they could have either issued more shares, or incurred debt to raise capital for aggressive expansion. Current shareholders would have rather raised debt, and that is what they did.
Debt is not a bad thing, as long as you are making more to not only cover the interest, but enough to also pay down the debt when its due.
Now, LDK currently has approximately 800 million to 1.1 billion in cash or cash equivilent on hand. They have about 3 billion in debt.
They are being charged 30 million a quarter on this debt. So that comes off income from operations (as interest expense).
If you added back in LDK's interest expense last quarter, they would have had a net income of 166 million instead of 135 million.
Interest Expense from debt is costing LDK about 20 cents a share per quarter.
HOWEVER, it takes money to make money. If LDK would have never taken loans out to build the poly plant, to expand wafer to over 3 MT a year, and to start making cells and modules, LDK would probably be losing money right now. In this solar environment, it takes economies of scale to be the lowest cost producer, and LDK and all others have to keep up, or die.
It takes money to make money, and LDK is fine right now. They have enough to repurchase 100 million. They have enough to repurchase more if they wanted.
The problem is, if they use money for repurchasing, then they cant use it to expand. But LDK views their share price so cheap right now, the opportunity cost to purchase shares versus CapEx (expanding) is too great. They will make more investing in their shares than they will expanding.
Sorry for the long answer. If anything is vague, reply and i can attempt to expand on it.