The strategic alternative is to close 225 stores. Same percentage as RSH.
The immutable advance of Amazon an other websites that sell office goods will continue to hammer SPLS. It is so much easier to buy on Amazon than to drive to SPLS.
The very strange 15 day outage was probably due to lack of demand, not frozen pipes. All pipes in chemical plants that can freeze have integral heating to prevent same. Water flowing through pipes will not freeze unless the flow is stopped as in no demand.
Many investors who bought at $50, $40, $30 a few years ago could have avoided much pain if they listened to Gambardella. He was criticized then as he is now.
Old CEO Smith went prospecting for heavy REE on the property. Seems he had an old map that said "dig here." That failed. Sorbex does not seem to be taking off. In a few years, Mt. Pass will be the largest depository of Cerium concentrate.
Two years ago MCP's plant was 3,800 mt and was profitable. In 2013, they produced 10,000 MT more product all unprofitable. It seems they need to be at the top end near $19,000 MT to have a profit. The old plant did not have chlor alkali nor the ability to separate the lights.
What a POS.
It is fair to say that the speed up of project Phoenix, costing several hundreds of millions of $$$ should never have happened. It lead to the financing problems that plague MCP today.
The ex CEO made two disasterous mistakes. When he saw the price of REE spike to $100#, he saw this as a reason to speed up the build out...the so called project Phoenix. The reality was that users fed the spike by loading up on product. When the fever died, so did demand. Secondly, neither he nor Lynas figured out that bringing on so much new capacity would negatively impact price. It's the old supply demand relationship.
Here we are with a 20,000 tonnes plant and we can't make money. It will be an interesting cc tomorrow.
One web site is called Vitacost which offers many items that can be found at Whole Foods. Pricing is better and delivery is as good as Amazon. Naturally there is no in store experience as you get by shopping at WFM. Investors in WFM should boycott Vitacost and other such web portals. In time they will all shut down. By offering lower prices is not good enough. Shoppers want the Whole Foods shopping experience.
Who or what is Skinny Girl? We need a partner with distribution strength. If you want to make money, we got to be selling against GMCR Cold.
Do you really think a conference call would have made a difference? The stock went down. You lost money. Get over it.