Wednesday, December 22, 2010

Recommendation: SWC

SWC, or Stillwater Mining Co. is the only palladium and platinum producer in the U.S. with a manufacturing plant in state of Montana. Palladium is used mainly in catalytic converters for motor vehicles and other electronic components.
According to The Motley Fool, "Stillwater has the only platinum and palladium mine in the U.S., and those metals have brought even bigger price moves this year than the headline-making gold market. Palladium in particular is up more than 80%, and platinum has risen around $250 per ounce this year."
The company's gross profit has risen significantly over the past three years and we predict that it will continue to increase. Like our other stocks, the share price depends much on the price of the stock's corresponding commodity. So far this year, the price for palladium has risen higher than both gold and silver.

Stock Price as of 12/22 close: $20.71

Sources:

No comments:

Post a Comment