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Despite the immediate negative reaction to the ouster of Molycorp (MCP) CEO Mark Smith - shares...

  • Wednesday, December 12, 2012, 9:06 AM ET
    Despite the immediate negative reaction to the ouster of Molycorp (MCP) CEO Mark Smith - shares -5.5% premarket - investors may come around to a more positive view. Smith "had lost credibility" with constituents, shareholders, potential investors and analysts, a J.P. Morgan analyst says; "his ability to deal with the financials of an emerging company appeared to overwhelm him at times," says another.
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This news story has 9 comments:

  •  
    This is exactly why I'm a bit surprised by the market reaction. It can easily be seen as a positive development that may help close the SEC investigation with minimum damage. If that's the case, MCP should rise double-digit %, not fall 6%
    12 Dec 2012, 09:13 AM Reply Like
  •  
    I agree. Big picture, looks better in my opinion.
    He was not my favorite.
    I'm still in.
    12 Dec 2012, 09:27 AM Reply Like
  •  
    I hope "yrbe" and "coltrek" are right ..... !
    12 Dec 2012, 09:30 AM Reply Like
  •  
    we were...
    12 Dec 2012, 10:26 AM Reply Like
  •  
    Buying opportunity.
    12 Dec 2012, 09:41 AM Reply Like
  •  
    with Lynas having problems MCP may be the stock to own
    12 Dec 2012, 11:33 AM Reply Like
  •  
    MCP is dangerous.
    12 Dec 2012, 11:55 AM Reply Like
  •  
    It's a good move, but there are those of us who simply don't believe MCP can do well as a US-based miner. Aside from any problems on site and in execution.
    12 Dec 2012, 12:07 PM Reply Like
  •  
    MCP is an option traders dream!
    12 Dec 2012, 12:42 PM Reply Like
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