USEC (USU) has been on a tear recently, gaining over 500% in the past 2 weeks, and nearly 300% in the past week. Speculation swirled last week that USU was up on a mixture Japanese uranium consumption predictions, possible government funding and panicked short covering. This morning, USEC announced that funding has been secured for the continuation of the American Centrifuge Project (ACP) RD&D program through September 30, 2013, and the stock has since soared an additional 40%.
Bottom line is this - USEC is developing technology that is already outdated and not cost effective. USEC has no remaining sources of operating cash flow, its balance sheet is atrocious and the market has shown little-to-no confidence in...
Only subscribers can access this article, which is part of the PRO research library covering 3,559 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: