People will start buying cars again someday. PAL will supply the palladium for their catalytic converters. Russia's reserves are depleting, and PAL has a P/Book of 0.4 at today's price, and plenty of cash to wait out the demand trough. Easy three… More
PAL has a less than stellar financial record based on my review of the last 3 years. They only achieved positive cash flow in mid-2006. Losses in 2006 were much less than 2005, but increased slightly in 2007. If these guys are lossing money at these… More