"acp IF IT EVER materializes will not take part in the new fueling for these plants."
VF18, as to the Korean plants, what's your basis for that statement?
" The more complicated they make it the blurrier it becomes."
I agree completely.
"They included a $426.9 million gain from the reorganization as income from continuing operations, but I'd consider it a non-recurring item."
Whether or not that income is from continuing operations, and whether or not it is recurring are two different accounting issues. Yes, it is from continuing operations (since it is not associated with a part of the business that is being sold or shut down), and, yes, it is also non-recurring.
So adjust your expectations for the future accordingly.
Moose, I'm no physicist but somehow all that seems to rank in feasibility some place between cool fusion and a perpetual motion machine.
I'm a GE shareholder and I don't think Jeff Immelt will ever touch LEU. Won't even go near it. The skeptical street would punish GE harshly if he did.
"Early June we will get a milestone update from the new CEO."
Why not at the annual meeting on May 7?
"Independent reserve engineers estimates of proved, probable and possible reserves for the initial well totaled approximately 197 Bcf of natural gas (approximately 97 Bcf net to FM O&G). In addition, based on work performed to date, independent reserve engineers estimate additional gross resources for the Highlander field exceeding 2 trillion cubic feet (Tcf), in excess of 1 Tcf net to FM O&G."
GULTU only participates in the initial well, right? So the 2T number is irrelevant and your headline is very misleading.
My opinion is that there's an investment case, but it may not be convincing. That depends on your time horizon and willingness to make high-stakes bets.
LEU could provide an extraordinary good long-term investment but only if a series of somewhat improbable events occur. You all know enough about probability calculations to know the implication of that.
Everybody here knows what "needs to come together" for LEU to have much of a future. I'm betting that they do, and that's why I'm long with a full boat despite the fact that this name keeps kicking me teeth in.
"LEU is only about 0.2x cash. EV is negative with bonds trading near 0.5."
Oh, garbage. You need a course in basic financial analysis. It's hard to be kind when I read such nonsense.
1. Enterprise value is not negative. Book value is surely negative by now regardless of the mark-up in assets using the fresh-start accounting coming out of bankruptcy.
2. Company cash is a meaningless measure of share price for a company with a negative book value and junk debt, especially when there is insufficient cash to pay all the interest on that debt except in PIK payments of more debt.
Somebody ought to respond to the good senator to explain how well the shareholders of Usec (and now Centrus) did under the terms of the prior and continuing DOE contracts.
Glad I sold the 4/10 $7.50 put. Nice move yesterday. Should expire worthless in three weeks.
"Macy's Inc. (M) , Rite Aid Corp. (RAD) , AT&T Inc. (T) , Exxon Mobil Corp. (XOM) , Nationwide Insurance, Direct Energy and Hulu have joined American Express Co. (AXP) to introduce Plenti, the first U.S. coalition loyalty program."
Looks like a winner to me. I'll get one for myself for sure.
Call your broker. The CUSIP is 15643UAA2, described at the Centrus Energy Corp. 8% maturing 9/30/24. Selling for about half of par.
"Selling ahead of earnings has worked more than once for this company."
Need I say more?
Suffice it to say, I'm still on the couch.
"colliding protons at mind-numbing energies that have never been achieved in a man-made machine."
I understand that if you visit a certain small town in Switzerland, then bend over and spread 'em in the town square while somebody throws the switch on, this accelerator will cure stage 3 prostate cancer.
But that could just be a rumor. Better consult snopes.
For the 4/1/15 and 10/1/15 interest payments, the Company will pay interest in cash at the annual 5% rate, with the remaining 3% payable as PIKs (meaning more of the same notes). So the current cash yield on the notes, since they are trading at about 50, is close to 10%, with the yield-to-maturity substantially higher.
Of course, the Company needs to survive for at least five years for the YTM to mean anything.
So, Roscoe, will you be there?
I may attend. At least I would get a toasted bagel out of this adventure.
In Q4 the Company generated $21.8 million in "contract services" revenue at a cost of $22.5 million, for a gross profit (loss) of $(700,000), obviously with no contribution to SG&A and other costs. I wonder how long DOE and UT-Battelle expect the Company to keep that up.