Talk and game show host Regis Philbin promoted Molycorp during an appearance on CNBC last week. He’s been buying the company’s stock for years, often adding more when the price fell. Perhaps he should’ve phoned a friend. Molycorp’s closing price yesterday was $2.81, down 96 percent from its peak in 2011.
The TV host remains undeterred. “Nobody shows any interest in Molycorp!” Philbin said.