Molycorp, Inc. (NYSE:MCP)

CAPS Rating: 2 out of 5

Recs

2
Player Avatar hiddenflem (77.46) Submitted: 8/26/2012 5:27:41 PM : Outperform Start Price: $9.74 MCP Score: -22.91

Heavy insider buying in the past week. high risk but potentially high reward.

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Member Avatar hiddenflem (77.46) Submitted: 8/28/2012 4:17:51 PM
Recs: 1

lucky timing

Member Avatar TMFCop (85.09) Submitted: 8/31/2012 10:27:28 AM
Recs: 0

Actually, the insiders were the recipients of the debt financing MCP did to raise cash to fund its capex program. It can be seen as a somewhat bullish symbol as they were putting their money into the convertible debt offering, but it still highlights the difficult financial position MCP finds itself.

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