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Jim Wallingford  

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  • Cameco Is Cheap [View article]
    The author wasn't making an argument, john, but rather an estimate of the probability of events (re-activated reactors, future uranium price). The evaluation of probabilities is at the foundation of investing, trading and speculating. Anyone who says an event that contains considerable uncertainty is 100% going to happen is either crazy or expressing their own desire for the event to take place. This doesn't apply to events that are 99.999% certain, of course, e.g., the sun will rise tomorrow. The author shouldn't have apologised.
    Jan 8, 2015. 03:45 AM | Likes Like |Link to Comment
  • Uranium Demand Uncertain: Is Cameco Corp. The Right Long-Term Play? [View article]
    Just for the record: Kazatomprom is the world's largest producer. I see uranium stocks rising this year as the Japanese restart some reactors. This excitement will be short-lived due to the supply overhang and a stock market selloff. After the correction in uranium stocks later this year, long positions could work out very well. CCJ would be at the top of my list for conservative investors. I am long the stock.
    Mar 28, 2014. 02:00 PM | Likes Like |Link to Comment
  • Uranium Demand Uncertain: Is Cameco Corp. The Right Long-Term Play? [View article]
    Just for the record Kazatomprom is the world's largest producer. CCJ is either second or third. Here's my scenario for 2014: Japan announces some restarts, uranium stocks rise significantly, commodity price does not respond, stock prices retreat. Longer term (2-3years) the uranium price does rise as the supply overhang dissipates. After the correction from the initial Japanese enthusiasm (and a general market downdraft) long positions should be initiated. I am long CCJ.
    Mar 28, 2014. 01:54 PM | 1 Like Like |Link to Comment
  • Growth Potential In The Uranium Industry [View article]
    Following the lead of aljk, CCJ is the 3rd largest global producer, not #1 (2012 stats). According to the World Nuclear Assoc.: Kazatomprom, Areva, Cameco. http://bit.ly/1nw8eJb
    Probably seems as if aljk and I are being picky but accurate info lends credibility to your writing. Cheers.
    Feb 13, 2014. 11:56 AM | Likes Like |Link to Comment
  • Cameco: Size Matters [View article]
    Thanks for the comment bfmil. I think your numbers may be a little off, though. Restart applications for 10 Japanese reactors have been made:http://on.wsj.com/1dsb0fJ
    New reactors currently under construction (not merely planned or proposed) is around 60: http://bit.ly/1dsaYo0
    As for the end of the M2M agreement, I doubt that Russia will simply stop selling the stuff. They'll just sell it to the highest bidder or use it internally. Only the contract has expired, not the supply. There is currently ample supply of U3O8 given the surplus in Japan. The $34 spot price tells you there is no imminent shortage.
    Oct 31, 2013. 03:03 AM | Likes Like |Link to Comment
  • Cameco: Size Matters [View article]
    Couldn't agree more. "Full service" for themselves, mostly. A fee-only adviser would be the best bet for those who don't have the time to do the research. Then take the adviser's picks to your discount broker, if you insist on buying individual stocks. For the average investor, though, ETF's are the best option. Set up a monthly plan, pay the $9.95/trade and skip the adviser fee.
    Oct 30, 2013. 12:27 PM | Likes Like |Link to Comment
  • Cameco: Size Matters [View article]
    Thanks, pdsro.
    Oct 30, 2013. 12:21 PM | Likes Like |Link to Comment
  • Cameco: Size Matters [View article]
    It does remove the mining risk but I think CCJ or other uranium producers will be a more rewarding place to be as investors re-calculate the profit margins due to a rising commodity price. And, of course, you don't "get paid to wait" while a position in CCJ yields over 2%.
    Oct 30, 2013. 12:19 PM | Likes Like |Link to Comment
  • Cameco: Size Matters [View article]
    Sometimes, flash, when things look terrible, a buying opportunity is at hand. The CCJ action this morning shows a lot of interest in the stock although there is still substantial overhead. Price hit $19.70 in the first 15 min. then promptly backed off. Blew the lights out on earnings!
    Oct 30, 2013. 12:14 PM | 1 Like Like |Link to Comment
  • Cameco Poised For Nuclear Upturn [View article]
    I too would be a buyer at this level. Rose from around this level 5 times in the last year. RSI (27.05) showing oversold. Currently rated buy or hold by analysts (worrisome as I'd like to see more negative calls as analysts are a contra-indicator). Dividend seems safe. Estimates coming down ranging from .53-1.09 for 2013, and .71-1.36 for next year. Last insider buy of note was Aug 8 for 1000 shares. If you believe in the uranium comeback then CCJ is the lowest risk choice.
    Oct 12, 2013. 04:31 PM | 1 Like Like |Link to Comment
  • Cameco Poised For Nuclear Upturn [View article]
    I doubt whether Japan is going to shoot themselves in the foot and keep paying the energy import bill. Abe is pro-nuclear. They need the power. It's going to be a gradual restart as the memory of Fukushima fades. CCJ has been profitable the last 3 years and is predicted to be so this year and next (if you can believe analysts). There's always the risk of catastrophe such as 2008 when the stock traded in the 12's. Failing that, I don't buy your short idea.
    Sep 30, 2013. 03:57 AM | 2 Likes Like |Link to Comment
  • Cameco Poised For Nuclear Upturn [View article]
    Basically that Cameco has been shipping profits offshore to avoid paying Canadian tax. Here's one link:http://bit.ly/1bkCBhR
    Sep 30, 2013. 03:46 AM | Likes Like |Link to Comment
  • Cameco Poised For Nuclear Upturn [View article]
    Good summary of the case for uranium and CCJ. I'm long CCJ, just collecting that 2% dividend and waiting patiently for the gradual turnaround in U3O8 prices. It feels like uranium has reached the point of maximum pessimism. Almost always a good entry point for any asset class.
    Just one point: Cameco is not the world's largest producer. That would be Kazatomprom, with Areva second, CCJ third according to 2012 data from the WNA:http://bit.ly/1fNlrMt
    Sep 27, 2013. 01:13 PM | Likes Like |Link to Comment
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