Is Molycorp Worth $4.7 Billion?
CNBC "On-Air Stocks" Editor
Rare earth proxy Molycorp recently passed $5 billion in market cap — bigger than well-known names like Abercrombie & Fitch , Sunoco or Pitney Bowes .
This is a level that starts to attract serious scrutiny above and beyond a small group of mostly small brokerage firms.
Today, stock market blog Seeking Alpha published a report entitled "Is Molycorp Worth $4.7 B?" wherein they conclude that even if rare earth element prices double, the present value of the business is at most $2 billion.
That is a long way from $5 billion.
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