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Continuing to be stung by the low price of uranium, Paladin Energy (PALAF.PK -3.2%) freezes...

Continuing to be stung by the low price of uranium, Paladin Energy (PALAF.PK -3.2%) freezes development, hoping to save $60M-$80M in fiscal years 2013 and 2014. "Today the price is not justifying any development (though) everybody realizes that, even with development, there's a supply crisis moving forward," says CEO John Borshoff. Uranium producer ETF: URA -18.2% YTD.
Comments (1)
  • One of those no-brainers to accumulate. As base line power, nuclear will play a big part of the grid worldwide. This ETF is in my IRA for long-term appreciation and income in 10 - 15 years.
    7 Nov 2012, 10:51 PM Reply Like
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