Abe Mishima

Top 10 Stocks Trading Below Net Current Asset Value

Beware the heavily shorted stock, and the above list is loaded with these wounded birds. USU's life and death hang on the ACP, a breakthrough method of uranium enrichment. Proven in the lab, it remains to be seen if it will function without cost distractions on a production basis. The slightest hint of uncertainty will cause the stock to tumble below $4. Promising developments or just plain optimism can vault the stock into the high 5's and above. We won't know for sure until 2009/2010. There is also a decision by the Supreme court on anti-dumping that could greatly affect USEC's fate. Is enriched uranium a finished product or a raw material? The court is very patriotic. They will decide on the formet, irrespective of legal merit, and save USEC. Disclosure: I hold a small interest in the company, but am aware of its vulnerability to shorting and bad news.