Scavenging for Value Among the Unloved

A value-seeking investor who is willing to look in ugly places can find some interesting ideas. I haven't looked closely at these stocks recently, but I'm always intrigued when I find companies that are trading at prices that are fractions of what they once commanded. Call me a sucker, but if an asset trades at one-fourth or one-fifth of its previous high, you don't need that asset to be loved by Mr. Market the way it once was in order to earn an excellent return on your investment.

Molycorp (MCP) is the only major producer of rare-earth minerals in the U.S. These minerals include terbium, dysprosium and 15 others. The thing to know about these resources is that they aren't they rare but are rather vital to the products they go into. Also, the major suppliers today are China and, to a lesser extent, Russia. And China, for security and economic reasons, has been restricting its export quota to the U.S....387 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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