Flash Alert: Sell North American Palladium
Sell your stake in North American Palladium (AMEX: PAL).
On May 10, 2011, North American Palladium reported earnings that fell short of expectations, sending the stock to a 26.1 percent loss that day. Higher costs contributed to the company’s disappointing results, though lower-than-expected production of palladium and gold were the key driver. Management also lowered its forecast for mined output.
Don’t wait around for the stock to rebound after this setback. Sell North American Palladium and take the roughly 37.9 percent loss.
On May 10, 2011, North American Palladium reported earnings that fell short of expectations, sending the stock to a 26.1 percent loss that day. Higher costs contributed to the company’s disappointing results, though lower-than-expected production of palladium and gold were the key driver. Management also lowered its forecast for mined output.
Don’t wait around for the stock to rebound after this setback. Sell North American Palladium and take the roughly 37.9 percent loss.
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