check out page 173 of their 2012 Annual report...
JP Morgan own 11% of the company.....and just checked ....they had this same share in the 2011 report too....sounds like me that they are committed to this investment and they obviusly see the long term potential here..
As for your own investment decision....thats your perrogative...
But again they are on a path to breaking even this year....and they will make a profit this year if the spot price recovers.....so your assertion that there is no forseeable PER is just plain wrong!
fundamentals of a zombie liability company?, page-33
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