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Yingli Green Energy Holding Co. Ltd. Message Board

  • g_is_a_failing_star g_is_a_failing_star Nov 15, 2012 6:33 PM Flag

    Most chinese solars will eventually go BK!!!

     

    The question is which one will go BK first????

    Need some consolidation before any recovery!!!!!!!!!!!

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    • They will all go bankrupt after 2014 if none goes bankrupt in 2013 or even before!

      LDK should be first in line. They mismanaged, overproduced, overbuilt and couldn't forecast the future of the industry. If LDK goes bankrupt then it's production should stop as well, they would lay off tons of people but this would ease the oversupply and customers of LDK would turn to other companies. This won't be enough. STP is also in big trouble and nowhere near a recovery. YGE also is loaded with debt but is more diversified and not in the same imminent trouble as STP and LDK. Consolidation should happen too. This should involve merges and buyouts. Candidates are CSIQ, SOL and JASO. Once the number of players get reduced the production will be reduced and the costs as well. This should help the GMs. The problem in 2014 will be also the tariffs from Europe. China in helping companies like LDK is just giving more proofs that tariffs are justified. India might follow with tariffs. China needs to sacrifice a few to save the rest of its industry or all of them will go bankrupt.

 
YGE
2.11+0.06(+2.93%)1:52 PMEST

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