Analysts Expect Bad News On North American Palladium CEO Departure

Financial Post reported analysts expect bad news are coming following the announcement that North American Palladium’s (TSX:PDL,NYSE:PAL) CEO William J. Biggar is retiring effective Sept. 30, 2012.

As quoted in the market news:

The company cited Mr. Biggar’s retirement as the reason behind the departure. But in a note to clients, a team of Stifel Nicolaus analysts said that given that Mr. Biggar is still young (he’s in his late 50′s) and given that no health issues were disclosed, the move probably signals bad news could be on its way.

Click here to read the full Financial Post report.