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Gold/Mining/Energy : MP Systems Corp. (formerly Molycorp) -- Ignore unavailable to you. Want to Upgrade?

To: morongobill who wrote (57)	3/14/2013 5:52:38 PM
From: sense	Read Replies (1) \| Respond to of 111

My view is longer term than a one off set of numbers... but, I accept that you have a proper focus in terms of holding their feet to the fire on the specific metrics in an instance... that show you IF they're addressing well enough the problems that are the larger short term issues, as they see them... I think that has you judging them by the standards they prefer you apply, rather than those you probably should. I see a bigger problem with a long string of very bad decisions... that hasn't convinced me they know what they're doing well enough to think they can or ever will have a viable strategy. I think that is often a not surprising result of the "throw money at the problem" approach... when the leadership you have enabled isn't focused in a way that makes them capable of handling the flow. When I see the ugliness resulting from the choices they have made, with the results of those choices made impacting now, instead of results that might have come if they'd chosen instead to address the other opportunities they've walked past ? I don't score them very high in the "being where the puck is going to be" department... while you're addressing the difficulties they appear to be having even in getting to where the puck used to be, instead of expecting even that they'll be capable of getting into a position from which they can at least hope to chase it around the ice. At this point, it looks to me like a contest developing between survival based on sustaining the rate of spending $, and stupid, with stupid leading. I don't deny the power of money in the market, including that committing lots of money to stupid things can sustain those stupid things for far longer than seems truly reasonable. But, at best, that effort buys you time during which you might hope to luck into being less stupid. I don't value the $ you might see being thrown at problems... nearly as much as I value the ability to solve the problems adeptly, without being made fully dependent on the endless supply of $... which ability I think starts naturally enough, with not being stupid. At MCP... I've seen change occurring, over time, but, l'll continue looking for "change I can believe in"... and, until I see they've adjusted their vision and focus in a way that I think will enable them to synch with market reality and compete... because it MIGHT be able to get them to where the puck is going to be... I'll continue to see the $ as "rat hole filler"... while I've never found speculating on whether or not it might be filled up, useful. Will look forward to your report, after the fact, on how they did judged against their own metrics...