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Is Molycorp a Buy, Sell or Hold?

Molycorp Inc. (NYSE: MCP) took it on the chin yesterday after the rare-earth player announced another delay at its Mountain Pass, Calif. mine and conceded that problem would result in lower-than-expected revenue and cash flow.

The stock, which closed at $10.79 a share on Wednesday, plunged as much 25%, before rallying to close at $8.33, down 22.80% on the day.

I arrived at work yesterday morning to find e-mails from a number of you folks on this particular topic, including this one from subscriber Ellen S.

"Bill: Any suggestions on MCP today? Is this a great buying opportunity, or time to sell?"

Great question, Ellen...

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