DALLAS, Texas – Beacon Equity Research announces the release of Trade Alerts covering Newsworthy Market Movers: LDK Solar Co. (NYSE: LDK), Logitech International S.A. (Nasdaq: LOGI), Macrovision Solutions Corp. (Nasdaq: MVSN), Toyota Motor Corp. (NYSE: TM), Mosaic Co. (NYSE: MOS) and The McGraw-Hill Companies Inc. (NYSE: MHP).
In the Trade Alert, the author highlights LDK Solar’s cut in its sales and shipment estimates for the fourth quarter of 2008:
“LDK Solar Co. Ltd. (LDK) shares closed yesterday at fell 6.60% to $13.86 Tuesday mid-day. LDK, through its subsidiaries, engages in the manufacture and sale of multicrystalline solar wafers to the manufacturers of solar cells and solar modules in the People's Republic of China and internationally. … The company recently slashed its sales and shipment estimates for the fourth quarter of 2008 and is now expecting a weak 2009. Instead of the previously anticipated $555 million to $565 million, the company said preliminary data showed it likely generated $425 million to $435 million for the quarter that ended in December. LDK said it shipped an estimated 245 megawatts to 255 megawatts worth of wafers during the quarter, down from the 260 megawatts to 270 megawatts.”
The Trade Alert author also featured Logitech International’s pessimistic view of the economic environment for the next few months:
“Logitech International S.A. (LOGI) shares fell 7.82% Tuesday mid-day, trading at $14.85. Logitech engages in the design, development, manufacture, marketing and support of personal peripheral products for personal computers (PC) and other digital platforms worldwide. … Due to the continued uncertainty in the economic situation, the company did not provide new sales or profit targets. It said the climate deteriorated further in December, when it experienced "varying degrees of weakness across all geographies and channels" as its customers reduced inventory levels in the face of weaker consumer demand. It also cautioned investors it expects the economic environment to worsen further in the next few months.”
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Jeff Bishop, (469)-252-3505