surprise surprise .....MCP mgmt has delayed the 2/18 report until the end of Feb ....Feb 28th.
the public announcement was released this morning ! So the disaster is now going to wait so they can try and "dress up" the collapse !
GREENWOOD VILLAGE, Colo., (January 30, 2013) -- Molycorp, Inc. (MCP) today announced that it will release financial results for the fourth quarter and full year ended December 31, 2012, after the market closes on Thursday, February 28, 2013. Release of Molycorp`s financial results will be followed by an investor conference call at 4:30 p.m. Eastern. Constantine Karayannopoulos, President and Chief Executive Officer, and Michael Doolan, Executive Vice President and Chief Financial Officer, will host the call.
Sentiment: Strong Sell
Typically companies bury bad news by releasing quarterly reports on Friday, many times Friday at the close of the market. When a company has good news to share, they typically post this information toward the beginning of the week to allow the news to raise the share price. Google this trend, these are not my words nor opinions, there is a precedence. run the search, you will see reviews on strategic quarterly report dates. I would not buy until I hear the report as there is still downward pressure for the next several weeks. MCP could go to $5. If it does and the report is positive, I would consider buying. If the report is tenuous at best, then I would stay away from this company. I'm on the fence.
Ah, yes. I seem to remember another stock I got screwed on --also with suspicious activities and since delisted, APWR: I recall they, too, delayed their earnings report date without explanation. I'm sure it's only one of several examples, but go back in history (some time in 2010, I think) and see how that report turned out.
LOL. No delay, as they had not scheduled the report for 2-18 as you claim. The 2012 annual report was released on 2-23 and the 2011 annual report was released on 3-9. One might have predicted a date in that range ...
first of all richeydouglas - I did not say "delayed the earnings" ....they have no earnings and never have ..
I said they delayed the Qtrly report / conf call .....and that is not a good sign for longs ....the Mgmt is trying to figure out how to present a disaster, and possibly give more insiders time to
get out while the others get squashed !
The Qtrly report was scheduled for 2/18 at least 1 month ago .....it DOES make a difference that they now delay 10 days and Wall St will handle it accordingly. Look out below ......
Sentiment: Strong Sell