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DewDiligence

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DewDiligence

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Re: DewDiligence post# 5711

Thursday, 06/25/2015 9:15:47 PM

Thursday, June 25, 2015 9:15:47 PM

Post# of 30493
MCP files for bankruptcy:

http://www.wsj.com/articles/SB10907564710791284872504581069270334872848

In 2010, Molycorp—formerly a unit of Chevron Corp. and bought by private-equity firms in 2008 for $80 million—raised $394 million in a public offering. Then, as prices and its stock market value soared, Molycorp overextended itself and took on debt.

#msg-55194118 (from 2010) is still a good read.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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