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.
If you need any more details of the above news and/or products, please visit Chinatungsten Online, or contact us directly.
Disclaimer: The article is only reflecting the opinions of the author. We have no responsibility to prove the originality and authenticity of the content, words and/or pictures. You readers should just take it as reference and check the details by yourselves. And the content is not a suggestion for investment decision. The investor takes his or her own risks if he or she operates accordingly. If you have any dissent about the contents above, please contact the relevant author, or the webmaster. We will try our best to assist the dealing of the related issues. Thanks for your visit and cooperation.