Molycorp: Could It Turnaround? It's A Long Shot [Seeking Alpha]
MERRILL LYNCH S&P 500 MITTS (MCP)
US:NYSE Investor Relations:
ml.com
Company Research
Source: Seeking Alpha
By Jonathan Fishman:I have decided to dig deep into Molycorp (NYSE:MCP) in order to bring to light the many signs that led the company to tumbling into 12 straight quarters of losses, and experiencing a negative gross margin for 8 out of the past 9 quarters.This awful performance has led to the stock losing 98.2% of its value since its 2011 high of $74.22.The accumulated loss in the past three years is $1.1B, which is enough to bring many large corporations within a hair's breadth of bankruptcy. But this is not an attempt to describe a bleak situation, about which you likely know all too much by now.Rather, this is an attempt to learn and practice logical reasoning, to answer the question: Does Molycorp have a chance of coming out of this trough a winner or is the recent announcement of a $400M financing agreement is just a last-ditchComplete Story »
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