I recently purchased a domain name of a company in the same industry as my site that went out of business. It has been on a placeholder page for the past 2 years, but the domain still has a PR of 3 and has links from yahoo directory, dmoz, and other reputable sites. I am wondering what others opinions are of what I should do with the site. I am debating either using a 301 redirect or making a new site on the domain that links to my main site. I am looking forward to your feedback.