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the_cybo

the_cybo
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  • Molycorp (MCP) -9.3% premarket after yesterday's 7.5% drubbing following news of its offering. Dahlman Rose downgrades shares to Hold from Buy, as the size of the offering raises questions whether MCP's Mountain Pass project will be completed in the forecast timeframe. The firm cuts 2012 and 2013 EPS to $0.80 and $1.20, respectively, from its earlier $1.70 and $3.50. [View news story]
    It is because we have the best government that Money can Buy. The banks have the deep pockets to keep our "elected " officials in congress at the trough. For them to do something that would that be good for the country and main street would be out of the question.
    Aug 17 11:21 AM | Likes Like |Link to Comment
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