Finding value is getting harder and harder as the equity indexes reach new highs. Most sectors are definitely overbought. However, there are those sectors in the beat up commodity based equity world that are certainly not near the overbought zone and have been really beaten up for some time now. One of these is the Uranium mining sector.
Some background on the sector
The following 3-year chart of the URA ETF (which is a relatively good representation of the global uranium mining sector) shows the ugliness of the uranium mining industry's share price performance over the last three years:
The downtrend in the sector began immediately after the Fukushima Daiichi nuclear plant meltdown in Japan in early 2011. The failure...