Sam Kirtley

Why You Shouldn't Own Cameco

Cameco has indeed been doing very well and it was profitable when uranium prices were 10% of todays price.
But at the moment, Cameco has a lot of supply hedged at prices half the current spot.
It is being sold off by investors due to the cigar lake issues.
It has only gained about 5% in the last year but stocks like FRG are making three figure percentage returns.
To make very significant gains one not should invest in Cameco as, although it is not likely to go down, it will only give moderate returns.