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.
Interested in more info on LDK Solar? Add it to your watchlist.
Fool contributor Travis Hoium has no position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings, or follow his CAPS picks at TMFFlushDraw.
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