Wednesday, October 08, 2008

LDK Solar Further Review

LDK (LDK) announced an updated guidance for Q3. The Q3 ended Sep 30, 2008. So they must be feeling pretty confident. But then they pull their punches and say it’s all subject to ...well just read the quote.

This outlook for the three months ended September 30, 2008 is an estimate. Results are subject to change based on further review by the management. LDK Solar plans to report its full third quarter results in mid-November 2008. Once the reporting date is finalized, LDK Solar will issue a press release announcing the date and details of its third quarter conference call.”

Guy’s when you issue global statements for all investors I do not want to see weasel words about further review. You need to build credibility. Take the lawyers out of the room and put some skin into the game.