Cameco Corp (USA) (NYSE:CCJ)

New nuclear powerstations are being build around the world, and this will only grow the comming decade. A growing market for a company with lots of experience

Uranium will be a huge part of the future energy plan and there isn't too much around. CCJ will be much higher in a few years.

It's nuclear stupid!

Plenty of nuclear plants are under construction in Asia, and huge uranium stockpiles from cold war era are beginning to disappear. This company has the best uranium mines in the world. In the world of rising energy prices, this is a must pick.

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.

This is an absolute, no way it could lose, stock. Your time horizon has to be more than next Thursday...maybe five years. We (the USA) will begin building nuclear power plants as fast as we can screw them into the ground. The rest of the world is already doing so.

In the same vein, AREVA (ARVCF or CEI in France) will similarly benefit.

Largest Uranium player, this can only go up.

Cameco will outperform in an up or down market. I figure the stock is work $60, @ 20 X 2008 est. Picking up shares
under $40 should be a crime.

roughly 30% more nuclear plants planned in the US in the next few years, with China building more, and other countries. Few players limited supply greatly increased demand should perform well

Substantially corrected. Probably a decent time to start buying in on the way down in this market.

Business: Cameco Corp.
NYSE: CCJ

With its subsidiaries, engages primarily in the exploration, development, mining, refining, conversion, and fabrication of uranium as fuel for nuclear power reactors in Canada and internationally. The company operates in four segments: Uranium, Fuel Services, Electricity, and Gold.

Reasons to be interested:

1. Nuclear power is more and more becoming the most plausible clean, cheap energy option for countries everywhere. Nuclear power is climbing up the ranks and Cameco is in a good position to benefit from nuclear expansion.

2. The company's cash flow production and free cash flow are both strong and rapidly increasing. Sales and earnings growth have been monstrous as well. In fiscal 2006, the company produced $418.02 million in cash flow. Over the past four quarters, the company has produced $756.99 million.

3. In the most recent quarter the company bought back $222.85 million of stock; the company has also been paying off debt and expanding its cash position. The company currently has $598.47 million in cash and $694.16 million in debt.

Main risk:

Political pressure could keep nuclear plant expansion down which would put a halt to Cameco's growth. Cameco is not a cheap stock with a P/E of 35+, if political pressure on nuclear power really increases worldwide, Cameco's stock would likely be hit a good amount.

http://www.pencils2.com/companysummaries/cameco.html

CAMECO Corp. is a solid mining company betting on uranium extraction and composite uranium fuel sales worldwide. Though the past years the nuclear power plants were wowed by naturalists and various social teams due to accidents, now it is presenting as a most valid solution against pollution and high oil prices.
Industry needs power to produce, people need power to live confortably, we all need safe and clean power plants; nuclear power, if used well, is the solution. It's fuel is uranium and Cameco is the biggest producer in the world with an optimum managment also.
I bet on Cameco for the 2-3 (and more) coming years.

I like Uranium. Cameco is a big player here, and demand will go up for years every time a new nuke plant is built. My only problem with Uranium, is that there are no US Plays that I am aware of on the mining end! I also like FRG. Just not sure if I want to add it to this list yet.

Nuclear energy

CCJ is the largest world’s largest supplier of Uranium. Over the next decade nuclear power will become the go to energy source for developing nations.

Uranium is the fuel that is driving the resurgent power revolution and, although its price has moved already, it looks like the price of this radioactive metal is firmly on an uptrend. The uranium price during the 1970s was $43 per pound, but as nuclear power went out of fashion, the cost of the metal plunged to around $7 per pound. Today, the price stands at around $93 per pound - still below historical highs. We have been saying for the last six months that we believed the uranium price could hit $100 per pound. We think this is realistic.

Cameco is the world's largest, low-cost uranium supplier providing almost 20% of the world's uranium demand. The company is seeking further deposits in Canada and Australia.

Although this firms share price has taken a tumble of late we believe it has sound fundimentals, we especially like its revenue growth and its debt levels are below industry averages.

We believe it will come out of its slump and believe it will show stella performance in 2008.

overpriced

This is trading at yearly lows because company is having trouble with flooding at two of their mines. One project has been delayed. All of this is true, so why am I bullish?

Twenty percent of the world's uranium comes from Cameco. That's an unbelievable figure if you think about it for a second.

Short term? True, they're having some issues. Do those issues effect them long term? No.

They'll continue to supply uranium, and it will continue to be a commodity on the upswing because the world must go nuclear again. Especially if the Rule Breakers play of safe nuclear from pebble bed reactors becomes the norm.

So uranium's importance, plus owning 20 percent of the world's uranium, plus an absolute steal of a price makes this a long term play. Extremely long true, but long none the less.

PE high. Growth seems a little choppy.

But price-wise it is close to the bottom of a long-term uptrend channel.

In the bigger picture Uranium will be needed to fill the gap between fosil fuel power and emerging alternative energy technology.