USU- at 3.44-jmo-short term double-shorts shorted it too far down-lot of cash-low debt-USEC, Inc., together with its subsidiaries, supplies low enriched uranium (LEU) for commercial nuclear power plants worldwide. It sells separative work units (SWU) component of LEU, the SWU and uranium components of LEU, and uranium. SWU is a standard unit of measurement that represents the effort required to transform a given amount of natural uranium into two streams: enriched uranium having a higher percentage of U235 and depleted uranium having a lower percentage of U235. The company also performs contract work for the U.S. Department of Energy (DOE) and DOE heading back up from bottom--jmo--great buy here-- http://stockcharts.com/h-sc/ui?s=USU...d=p57530388458 Posted by eddy on :
volume picking up--needs 3.58 for break out big--G/L--jmho __________________
Posted by eddy on :
8.00 a share in cash!! just saw it- Balance Sheet Total Cash (mrq): 886.10M Total Cash Per Share (mrq): 8.02 Total Debt (mrq): 725.00M __________________
Posted by eddy on :
looking good today.. hope it dips so i can get in.. but prolly won't
Posted by eddy on :
G/L
Posted by eddy on :
time to load cheap shares!!
Posted by eddy on :
LONGS GET READY TO RUMBLE 27-Mar-08 01:55 am PowerShares to List Global Nuclear Energy Portfolio on April 3, 2008
Tuesday March 25, 12:55 pm ET
CHICAGO, IL--(MARKET WIRE)--Mar 25, 2008 -- PowerShares Capital Management LLC, a leading provider of exchange-traded funds (ETFs), announced today the anticipated listing of a global nuclear energy portfolio. The ETF is expected to begin trading on April 3, 2008 on the NYSE Arca, Inc. The anticipated ticker symbol and portfolio name is as follows:
- PKN - PowerShares Global Nuclear Energy Portfolio
"Since 2001, nuclear power plants have achieved lower production costs than coal, natural gas and oil,"(1) said Bruce Bond, president and CEO of PowerShares Capital Management LLC. "We believe higher oil prices, rising standards of living, and demand for cleaner sources of energy are favorable trends powering worldwide growth for the nuclear energy industry. The PowerShares Global Nuclear Energy Portfolio provides investors exposure to the performance of the global nuclear energy industry in the benefit-rich ETF format."
(1)Nuclear Energy Institute, as of 2007
The PowerShares Global Nuclear Energy Portfolio (PKN) is based on the WNA Nuclear Energy Index(SM). The Index is designed to track the overall performance of globally traded companies which are engaged in the nuclear energy industry with representation across reactors, utilities, construction, technology, equipment, service providers and fuels. The rules-based index is rebalanced quarterly from a universe of equity securities traded on recognized stock exchanges in the Americas, Europe, the Middle East, Africa and Asia/Pacific.
radar for break of 4.04. if it breaks the 4.04 jmo--it will go to mid 4.00's quick--G/L all __________________
Posted by R1 Man on :
eddy......I normally don't do this but I bought some. I almost always find my own stock picks. So I guess this says something about your pick. I could see $4.50-5.50 come before May.
Posted by eddy on :
G/L
Posted by eddy on :
quote:Originally posted by R1 Man: eddy......I normally don't do this but I bought some. I almost always find my own stock picks. So I guess this says something about your pick. I could see $4.50-5.50 come before May.
20 and 30k buys going at ask--jmo--we see green late today
Posted by eddy on :
will grab more-G/L
Posted by lostone on :
grabbed some today..
Posted by eddy on :
quote:Originally posted by lostone: grabbed some today..
Number of Shares Sold: 54,610 __________________
Posted by eddy on :
"USEC supplies 29% of the world’s enriched uranium needs, fueling more than 150 reactors on three continents. In the United States, USEC had 52% of the market in 2006. USEC’s revenues are derived from sales of the SWU component of LEU and natural uranium to utilities worldwide, U.S. government contracts, and spent nuclear fuel services through its subsidiary NAC( http://www.nacintl.com/ )."
radar for 3.84 break--if it does it goes in the 4.00's--jmho----G/L __________________
Posted by eddy on :
I continue to wait on the huge pop back up--G/L
Posted by eddy on :
Former Boeing plant bought USEC Inc. plans to continue centrifuge production at site By Michael Silence (Contact) Tuesday, April 1, 2008
Related link Read more about USEC
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Get Reprints Want to use this article? Click here for options! USEC Inc. has purchased the former Boeing site in Oak Ridge where it will continue its American Centrifuge uranium enrichment program.
USEC has hired Babcock & Wilcox Technical Services Group Inc. to take over centrifuge machine manufacturing.
The company purchased the site for $5 million and will be making more than $50 million in improvements. The purchase closed Friday, USEC spokeswoman Elizabeth Stuckle said.
Oak Ridge Mayor Tom Beehan said USEC is a "great business" and that the city is fortunate to have the company and the approximately 300 people working at the site.
He said the fact that the company purchased the property is a strong signal of long-term commitment.
According to a press release from USEC, the 74-acre site has 440,000 square feet of buildings and it will be known as the American Centrifuge Technology and Manufacturing Center.
The property includes a 200,000-square-foot building with a "high bay structure" that was specifically built for the manufacturing and testing of centrifuge machines, according to USEC.
Stuckle said Monday it is anticipated that the complex will employ more than 400 people.
Boeing Inc. last summer announced it was ending more than 25 years in Oak Ridge and laid off more than 260 employees after deciding to move airplane parts production to its Utah plant.
Boeing's announcement was made after it was disclosed that the aviation giant would no longer be handling centrifuge production for Maryland-based USEC Inc., which supplies fuel for commercial nuclear power plants.
Boeing opened its Oak Ridge plant in 1981 to support manufacturing of centrifuges. The plant also has made parts for commercial airliners, including flight deck consoles, forward instrument panels and aisle stands, for Boeing 737s, 747s, 767s, 777s and 787s, as well as defense products.
Oak Ridge City Council member Ellen Smith said the purchase is good news but is not a surprise.
"There seems to be a lot of optimism" surrounding the manufacturing project and its future, she said.
Beehan said it was a testament to USEC and Babcock & Wilcox that they could "crank up a start up" in such a short time frame.
"They are a great business. The building and location were certainly at risk when we lost Boeing," Beehan said.
In the press release, Philip G. Sewell, USEC vice president, said the unique centrifuge building was a key asset in the purchase.
"Using this facility saves USEC valuable time and money compared to building a new one," Sewell said.
Last year, USEC received a package of incentives to keep the centrifuge machine manufacturing in Oak Ridge from the state of Tennessee, TVA, the city of Oak Ridge and Anderson County.
USEC's American Centrifuge Plant in Piketon, Ohio, will use Department of Energy gas centrifuge technology with improvements in design and material manufacturing.
USEC has been in Oak Ridge since 2001 and has been testing and manufacturing individual machine components since 2005.
The company said it plans to start commercial plant operations at the Ohio plant in late 2009, with a production goal of 11,500 machines by 2012.
Business writer Michael Silence may be reached at 865-342-6310
Posted by eddy on :
wonder how many millions they save by buying this building for 5 million? compare to building a new one?? I bet a bunch! G/L __________________
Posted by eddy on :
do not day trade this stock if you sell too cheap--you will end up chasing it--this is going to go big soon--G/L
Posted by lostone on :
moving up nicely today
Posted by lostone on :
damn, 3.98 think we'll break 4 today.. wish i had put more money into this instead of averaging down with BMTI
Posted by lostone on :
made 4.03 and stabilizing at 4..
Posted by lostone on :
hit 4.15 HOD, hopefully it will trigger a short squeeze soon..
Posted by eddy on :
I think it goes fast after lunch--G/L
Posted by eddy on :
ok--we broke the 4.12--radar for 4.20 break then it goes fast--jmho--G/L __________________
Posted by lostone on :
suprisingly we're trading below avg volume..
Posted by lostone on :
HOLY COW we hit 4.51!!!!
Posted by lostone on :
broke 4.60!!!!!
Posted by eddy on :
looking great!!--radar IAR also
Posted by lostone on :
5.22 now..
Posted by lostone on :
up and running 5.98 gonna hit 6
Posted by lostone on :
amazing almost 2 mil volume the first 15 mins crazy
Posted by lostone on :
yahoo msg board claiming that PKN is buying USU heavily per CNBC
Posted by lostone on :
seems like bogus report of being overbought dropped this baby.. didn't hit my sell mark today, o well.. guess i'll hold somemore