LDK's founder and CEO Xiaofeng Peng is creating an independent thin film solar company Best Solar, which will spend $2.5 billion in capital. My main concern is that Peng will divert his attention from running LDK to Best Solar.
The one thing that I can count on is that Peng holds over 70% of the shares for LDK solar, which is worth over $3 billion dollars. With so much wealth invested in the company, his interest are inline with my interest.
However, If Peng starts selling his shares, I will start selling mine. If LDK is really as undervalued as I believe, it would be troubling for him to sell his shares at this price. He should know more than anyone whether his company is undervaled or not.
Luckily, Peng has not done this so I am still fully commited to LDK.
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