Worries for Thompson Creek
On Feb. 24, Thompson Creek Metals (TC) reported fourth-quarter and full-year results that showed record production of molybdenum in 2010, as well as a fourth-quarter revenue increase of 48%.
Net income, adjusted to exclude the accounting loss from outstanding stock warrants (incurred when the company
switched to U.S.-style GAAP accounting in 2010), increased in the quarter by 43%.
Thompson Creek shares closed at $13.58 that day -- and it s been pretty much downhill ever since. On March 9, shares closed at $12.28.
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