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Gold/Mining/Energy : Stillwater Mining , SWC (former PGMS) -- Ignore unavailable to you. Want to Upgrade?


To: Archie Meeties who wrote (1268)9/6/2002 2:05:00 PM
From: Sunny Jim  Read Replies (1) | Respond to of 1336
 
Looks like the market has declared SWC dead. But wait a minute. Here's a company that is making money, has a phenomenal franchise, and is in a 21st century metal business, yet it is selling at half net book value. That's right, book value is around $12.90 per share. I agree that there are some problems facing the company, but I can't be missing that much, can I? By the way, if the market thinks this company is headed to bankruptcy, do you think the congress would allow a strategic asset like this to go away? Comments please.