LG Display: View This Consumer Stock With Caution

Stock quotes in this article: LPL , SNE , HIT , MTU , SHCAY  

The firm's competitors include Asian heavyweights Samsung Electronics, Sharp (SHCAY Quote), Hitachi (HIT Quote), Mitsubishi (MTU Quote) and Sony (SNE Quote), with LG Display boasting second place in terms of worldwide LCD production.

A few days ago, on Nov. 13, the prices of a trio of LCD stocks -- including LG Display and Sharp -- crumbled when they agreed to plead guilty to conspiring to fix prices. They were hit with $585 million in fines as part of the deal.

Worldwide, a number of consumer suits against LPL and other LCD manufacturers are also pending as a result of the price-fixing.

A Consumer Electronics Stock Best Viewed With Caution
Company
LG Display
Ticker
LPL
GICS Sector
Information Technology
GICS Industry
Electronic Equipment,
Instruments & Components
Recent Share Price
8.83
Market Cap ($Mil)
6,319.0
TheStreet.com Ratings
Reward Grade
C+
TheStreet.com Ratings Risk Grade
D
TheStreet.com Ratings
Overall Grade
C-
Recommendation
Hold
EPS - Current Year
1.89
EPS - Next Year's Estimate
-0.47
Price/Book
0.8
Price/Sales
0.4
Price/Earnings
4.7
Source: TheStreet.com Ratings (Data as of 11/08/2008)
For more information, check out an explanation of our ratings.

For more columns like this, check out TheStreet.com Ratings section.

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Richard Widows is a senior financial analyst for TheStreet.com Ratings. Prior to joining TheStreet.com, Widows was senior product manager for quantitative analytics at Thomson Financial. After receiving an M.B.A. from Santa Clara University in California, his career included development of investment information systems at data firms, including the Lipper division of Reuters. His international experience includes assignments in the U.K. and East Asia.

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