CCO mentioned on RobTVOk I just listened to ROBtv and they said analysts have lowered their targets for CCO from high 50’s to low 50’s or high 40’s.
Only one analyst has at 28 target and he didn’t reduce his target as a result of Cigar Lake incident.
So with CCO trading at 38 right now I guess this means that CCO is a good buy as long as you are investing for the long-term.
The analysts didn't see any impacts on EPS in 2006 and 2007, so again what other bad points can occur to drive the share price lower other than a falling stock market or pure negative speculation?
It’s going to take a few months if not longer to work out how much capital will be required to fix Cigar Lake so in the short-term I guess we are trading based on speculation.
I'm tempted to buy a few shares now that it has stabilized at 38 and it seems to me that there is strong support in low 38’s.
Still not decided however.
Cheers and GLA