cosy Cameco
Shares didnt even participate in the rebound yesterday. Bad sign. Looks like someone wants out.
The Q2 report was pretty tepid. Barely made 20 cents. Increased their forecast cost of production. Looks like customers are pushing out their deliveries. Good thing Cameco cant double their production till 2018, or theyd be stockpiling it. Could this be a huge waste of Capex?
The bull story on this is years away. Meanwhile you pay about 20 times declining earnings today, and get a measely 1.8 pct dividend ( barely a days volatility) to hold onto the dream in a volatile market with cosy nuclear power under siege. If I owned this, I'd view it as a nice source of funds to reduce my market risk and raise cash. errr, don't need to own to do that - also called shorting.