Molycorp Inc. (NYSE:MCP) is "a leading global rare earths producer that operates a vertically integrated, global supply chain that combines a world-class rare earths resource with manufacturing facilities on three continents that can produce a wide variety of custom engineered, advanced rare earth materials from all of the lanthanide elements, plus yttrium" (definition from 10-K).
The company had a rough going for its shareholders losing 52%, 61% and 40% (based on beginning and end of year closing prices) in 2011, 2012 and 2013 respectively, and 54% in the first six months of 2014. The loss from its May 3, 2011, intraday maximum of $79.16 to the closing price of $1.88 on July 30, 2014, is an astounding 97.6%. This...
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