Piper Jaffray Believes LDK's (LDK) Risk Is Priced In
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Piper Jaffray understands there is some uncertainty with LDK Solar (NYSE: LDK), but it believes LDK\'s risk is already priced in having fallen 25% since yesterday. Last night, LDK held a conference call with investors, but Piper Jaffray believes that the call raised more questions than it answered, especially because the CEO was not on the call.
LDK management did confirm that the financial controller raised concern via email prior to his departure from the company. However, current management is defending the financials and Piper Jaffray doesn\'t expect to find anything else out until an independent audit committee goes over the numbers. StreetInsider.com will continue to stay on this one and update you as we uncover any breaking news.
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