Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of LDK Solar
So what: Yesterday Wells Fargo
Now what: I put LDK Solar on the top of my list of solar's impending failures less than a month ago, and the moves in the past two days just solidify that stance. LDK is in a bad spot in the market, supplying product to manufacturers who have in-house capabilities and watching selling prices fall. Top it off with $2.1 billion of short-term debt, and you have a disaster waiting to happen. I certainly wouldn't want to own this stock and would want to be short if anything.
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