Mining company trading at 170 times earnings

JohnL said: "[url]http://finance.yahoo.com/q?s=SWC[/url] I'm still researching why it is trading so high. If anyone wants to give any commentary, go for it. Palladium is a fantastic commodity but I don't think 170 times earnings is justified."

thezster said: "You're just dying to short something big time, aren't you?"

Rbreb13 said: "[QUOTE=thezster]You're just dying to short something big time, aren't you?[/QUOTE]:laugh: :laugh: That was my first thought too."

JohnL said: "I'm currently shorting General Growth Properties (GGP) and Countrywide Financial Corp. (CFC). But really, what the hell is up with this stock."

Corey said: "Don't you think CFC is a bit risky with their current buy back program propping up the share price? I wouldn't bother shorting it myself -- not until October when the buy back program disappears. The sub-prime lending storm has already blown through if you ask me. It is all priced in at this point. Gimme some insight here."