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$14.34 -1.19 (-7.66%)
10/10/2008 4:05 PM

Cameco Corp (USA) (CCJ)

CAPS Rating:
*****

The Company is engaged in the exploration, development, mining, refining, conversion, and fabrication of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and internationally.

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Avatar subvertical (68.70) Submitted: 2/01/08 4:03 PM : Underperform Start Price: $33.18 CCJ Score: 20.24

Russia will be charging more for the weapons uranium to be announced . CCJ is paying less than $10/pound and spot for U has been around $85 recently.

Late in 2007: "Cameco announced that its Russian uranium supplier now wants to renegotiate the price under the agreement." Search for article "Russian Bear Puts The Squeeze On Cameco".

If the rate rises to current price, there will be an additional loss of $1+ earnings per share.

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