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Baron Funds Comments on Molycorp

August 24, 2012 | About:
Holly LaFon

Holly LaFon

262 followers
From Baron Funds' second quarter commentary:

Molycorp, Inc. (MCP) is the owner of the largest rare earth deposit outside of China. As rare earth prices have continued to trend lower, so has Molycorp's stock. Along with many other commodity-linked companies, Molycorp declined significantly in the second quarter.With Molycorp's recent acquisition of Neo Material Technology, the company is positioned to be the low-cost, most technically capable, vertically integrated global provider.We believe this is not reflected in the current value of the stock. (David Goldsmith)

Rating: 3.0/5 (1 vote)

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