I have been following your posts for a long time and to be honest, not rude, they miss the mark all the time.
Argentina Defaulted.........the street punished US resources .it was very selective. PAL held in there nicely.
I wouldn't say "much better" as the results as ever so slightly less than last quarter............unless of course my math is incorrect?????
Its a turn around story...........risky but for the seasoned investor, a calculated risk that appears to be favourable. ...............at the moment. Rome wasn't built in a day.......
I wouldn't worry what the market thinks about this one stock. It is clearly turning around. I didn't expect too much coming from this quarter other than slightly ahead of last quarters number. So, I was a bit disappointed with the same as. Same as last quarter means, to me, that their fancy dancy improvements aren't so great unless of course, they haven't installed the whole kit of fancy dancy improvements. I believe I heard that they would be finished by 2nd half of this year. Still, I expected a little more with tonnage/day and a -0.01 to -0.03 eps loss. PAL met some of my expectations.
Q3 baby........they better show 30% improvement or I will show them an elegant, beautiful, luxury door................it really is beautiful! ;-)
why even respond to something like that???? it just feeds and motivates the individual.
..........narcissism.....feeds off of you.........
Also, given Russia's stance on Ukraine, and Putin's inability to back down, sanctions are inevitable now. Putin has closed the door on the West and thus sealed it's fate. This puts PAL and other palladium producers in a position to capitalize in a big way.
looks like things are shaping up nicely..........
not sure about that but, I would agree that PAL will have a nice run for a prolonged period. Its just going to take some time. It has to clean house a little before getting there......
(Kitco News) – More U.S. sanctions against Russia over the Ukrainian crisis, coupled with confirmation that output at Anglo American Anglo American Platinum was sharply lower in the second quarter, provided the latest impetus to send palladium to fresh 13-year highs Thursday, analysts said.
Prices were already underpinned by expectations that the market will remain in a large supply deficit despite resolution of a lengthy South African strike against producers of platinum group metals, strong car sales in the U.S. and China and recent bullish forecasts from a number of investment banks, they added.
“It’s been an evolving trade,” said Peter Hug, global trading director with Kitco Metals, of the many factors that have built up to underpin palladium for some time now. “I’ve been very bullish on this market since about November pre-strike.”
Back then, he pointed out, Johnson Matthey Johnson Matthey published its widely followed report predicting a palladium supply deficit for 2014 – and that was before the recent acceleration in the U.S. economy and a South African strike that ran from late January until late June.
Most look for further gains in palladium for the longer term, but caution about the potential for a sharp profit-taking correction lower in the near term, particularly if the metal hits the $900-an-ounce level.
As of 10:46 a.m. EDT, most-active September palladium was $6.10 higher at $882.85 an ounce on the New York Mercantile Exchange. It peaked at $888, the strongest level since 2001, based on a futures continuation chart.
..........................Continued on google search "palldium hits 13 years high" ......
I think it is fair to estimate that after a short pull back, sometime in the near future, palldium will reach a lot higher. Pro's seem to like the odds very much. If Russia is slammed by US sanctions.......PAL will do nicely......very nicely!
@marginalizer - not sure if that is possible........perhaps you mean the company and not the metal??
given PAL's future prospects and leaving out dept, I think we are over sold.