It's been a little over a month since Suntech Power (NYSE: STP ) refused to pay bondholders the money they were owed, which eventually left the company's Chinese operations in insolvency. The company isn't quite bankrupt yet, but all indications are that it's headed that way, because even Chinese banks want to liquidate operations.
Today, LDK Solar (NYSE: LDK ) , which is the second largest maker of solar wafers, said it has "partially defaulted" on $23.8 million in bonds due yesterday. The company negotiated a settlement with holders of $16.6 million of the bond and is "ready and willing" to discuss a settlement with the others. �
Keep this in mind: If LDK doesn't have enough cash to pay $23.8 million in loans, how could it ever repay the $3.1 billion in debt on its balance sheet? It doesn't look good for LDK Solar.
Top Solar Stocks To Buy For 2014: Whirlpool Corporation(WHR)
Whirlpool Corporation engages in the manufacture and marketing of home appliances worldwide. Its principal products include laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other portable household appliances. The company also produces hermetic compressors for refrigeration systems. It markets and distributes its products under various brand names, including Whirlpool, Maytag, KitchenAid, Jenn-Air, Amana, Roper, Estate, Admiral, Gladiator, Inglis, Acros, Supermatic, Consul, Brastemp, Eslab� de Lujo, Bauknecht, Ignis, Laden, Polar, and Privileg in North and Latin America, Europe, the Middle East, Africa, and Asia. Whirlpool Corporation sells its products to retailers, dealers, distributors, builders, and other manufacturers. The company was founded in 1898 and is headquartered in Benton Harbor, Michigan.
Advisors' Opinion:- [By SherryJim]
Whirlpool was downgraded by KeyBanc Capital Markets from a Buy to a Hold on April 18th. KeyBanc said the downgrade was based on valuation over the short term following the recent negative ruling on refrigerators that removes tariffs. KeyBanc also said that Whirlpool's lower estimates are in line with the Street. WHR has a dividend yield of 3.1% and a payout ratio of 40%. The company started paying dividends in 1929 and has increased its dividend for 1 year. It has a 5-year dividend growth rate of 3.2%.
Top Solar Stocks To Buy For 2014: Impact Silver Corp. (IPT.V)
IMPACT Silver Corp. engages in the acquisition, mining, exploration, and development of sliver mineral properties in Mexico and the Dominican Republic. The company produces silver, lead, zinc, and gold from its Royal Mines of Zacualpan Silver Project, which comprises 423 square kilometers and is located 100 kilometers southwest of Mexico City. It also owns 100% interests in the Capire Mine Project consisting of 200 square kilometers located in the Mamatla Mineral District of central Mexico and hosts silver and base metal, as well as volcanogenic massive sulphide base and precious metal deposits; and the Veta Grande Silver Project, which comprises 10 mineral concessions and is located in the Zacatecas Silver District in central Mexico. The company is headquartered in Vancouver, Canada.
Best Medical Stocks To Own For 2014: Berger International Limited (B64.SI)
Berger International Limited, an investment holding company, engages in the manufacture, distribution, and sale of paint and related products primarily in Singapore, Bahrain, the United Arab Emirates, Jamaica, Trinidad, and Barbados. It offers protective coatings for various surfaces and environments, such as petrochemical or gas plants, oil rigs or offshore platforms, and airport hangars or shipping terminals. The company also provides architectural and wood finishes, such as topcoats, undercoats, and ancillaries; paints for interiors and exteriors; water-based and alkyd based products; products for substrates, such as cement, wood, and metal; emulsions and enamels; grass paints, body paints, tennis court paints, road marking paints, and texture finishes; and elastomeric paints. In addition, it offers marine coatings for various types of vessels and crafts, including cargo carriers, crude oil tankers, yachts, ferries, barges, and tugboats. Further, the company is involved in the painting, repainting, and redecoration of buildings; the supply of building materials; and other general contractor works and sales. It primarily serves project consultants, engineering contractors, and other customers. The company was founded in 1760 and is headquartered in Singapore. Berger International Limited is a subsidiary of Asian Paints International Limited.
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