Inventory Concerns Keep Haunting LDK

While I understand that reporting solid earnings, attractive guidance, and essentially blowing away analysts with quarterly results lacks the punch it used to, a devastating sell-off in the last two sessions due to Lazard, Piper Jaffray, and Oppenheimer reckless positions of “concern” is libelous to say the least.

LDK and their management team have answered every single question not once, but twice in regards to inventory. Now, two months after Jesse Pichel was forced to eat a “clean audit report” worth of crow, here he is at it again.
Piper Jaffray needs to reconsider the employment options that they honor with Jesse. His track record is one of disdain for any company, or manager who he “does not understand” a.k.a. lacks clarity, and frankly, among us professionals is embarrasing Piper Jaffray. Further, before too much is made out of anything, there were incredibly suspicious levels of trading occurring with LDK in after hours, and during the subsequent mornings pre-market which indicates to me and others that some insider information regarding bias, and imminent downgrades had been made available to “others” before it was made available to the public.

Jesse Pichel is offering completely biased information, is linked to other groups which would stand to lose as foreign interests improve, and has a history with Piper Jaffray which is spotty and reeks of previous “suspicious” activity. Jesse Pichel, ring-led Oppenheimer, and Lazard analysts, and they too should be embarassed for being followers who now appear to be among the select few who will mistreat a great company for personal gain.

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This article is one that should be referred to any attorneys or investigators currently looking into taking potential legal action against Piper Jaffray, Lazard and others who may have blatently abused and manipulated this company’s share price for their own financial gain.

Personally, I would not want my name on a story like this, as it is just asking to be included as evidence in future legal proceedings and is obviously biased toward negativity based only on unsubstantiated speculation.  This story includes attempts at justification for the downgrade by two analysts, but does not give equal justification for the upgrades or more positive outlooks of other analysts.  According to the Jaywalk Concensus, far more analysts rate this company as a neutral or a buy.  Why does this story not cover those opinions in proportional fair detail?  Furthermore, why does this story feature a negative tone in its headline, as if the opinions of the few negative analysts are the only ones that matter?

To the best of my knowledge, there are no financial figures, or any other sound evidence to backup the “concerns” mentioned in this article.  In fact, there is much more evidence that contradicts such concerns over inventory accounting issues, as this has been professionally reviewed at LDK’s great expense.  I would imagine LDK’s attorneys also have handy access to this information.

LDK Solar has done NOTHING to deserve any of the allegations made against them in this story or in recent days, and for this writer to take such a biased, negative approach to LDK as a company is irresponsible, disgraceful and unprofessional.  It is a writer’s obligation to provide complete, accurate, unbiased content.  That is certainly not the case with this story.

LDK is one of the best companies. Everyone knows what PJ is.

Inventory has nothing to do with the lies propagated to manipulate a stock that will be worth more than FSLR in the future.

Ldk can get the cost down so we can all purchase solar panels.

It’s un American, due to the fact that we Americans want low cost solar and the Chinese can help us get it. We must do what ever we can to stop oil dependency and stop the wars.

In the end people will wake up to the fact that LDK is a great company that will serve the world well.

What I meant to say clearer:

We must do what ever we can to support companies that can get as many solar panel,wind turbines,wave tech and energy saving devices on our properties as fast as possible.

It not only the American thing to do, it the obligation of everyone on this planet.

It’s not only the American thing to do, it’s the obligation of everyone on this planet.

Support all sustainable renewables ASAP.

Rid ourselves of crude oil dependency ASAP.

This outstanding article objectively addresses all issues irresponsibly reported above:

http://seekingalpha.com/article/67192-ldk-solar-material-discrepancies-in-analyst-coverage-media-reporting