There goes the NYSE listing compliance again. The share price drifts lower because we have no visibility on future earnings.
Just what will the future gross margins be at a given level of sales? Give us a range for assumed prices of LEU and SWU. The only reason that the Company won't give us this information is that they are excessively defensive about SEC disclosure rules. That hurts the Company and its shareholders.
The Company has added guidance in the I.R. section of its website to help holders of the old notes and stock to account for the tax impact.
From Dow Jones (MarketWatch) today:
"After the Fukushima nuclear disaster in Japan in 2011, many investors wrote off nuclear power stocks as dead money. But reports show nuclear power will be back online in Japan in 2015, and it's important to remember that Europe never went off nuclear energy even after the disaster; France generates more than 70% of its total electricity from nuclear plants.
"This promises strong baseline demand for Cameco (CCJ) , the world leader in uranium fuel for these nuclear power plants. Furthermore, emerging markets across Asia and Eastern Europe continue to show strong demand for nuclear power as a cheap and clean energy source to fuel their growing economies. This is especially true for China, where coal power has blackened the skies and the nation is eager to implement cleaner energy solutions.
"Natural gas is cheap now, so there's no great desire to build dozens of nuclear reactors right away. But the U.K.-based Weinberg Foundation estimates nuclear energy generation will jump 30% by 2020 as the demand for energy rises, even as the world remains focused on pollution and climate change.
"Given the focus on carbon emissions, coupled with the importance of cheap, ready power in emerging markets, nuclear energy makes a lot of sense -- and so does Cameco stock as a long-term holding to capitalize on this megatrend."
If Obama vetoes anything with an Ohio nexus, Hillary will personally do a Joni Ernst on him.
UncrediblePost, you have no evidence of any pumping, not on this board anyway, now that Roscoe is gone.
If you have such evidence, call the SEC.
While these bounces are nice, to be sustainable LEU investors need transparency that the Company simply is not providing at this time. My take is that they're constrained by attorneys who only understand management and board of directors liability protection, and don't have a clue about how they're damaging the Company in other ways.
At the time, the capital structure was totally different. It's a mistake to apply two reverse splits and a debt conversion to the current price and then claim that LEU shares once ever traded at that level.
With 9.0 million shares now outstanding, that would be a market cap of $54 billion. We all know that that never happened. Not even the enterprise value with the long-term debt at par.
So ignore those charts showing a 2007 value of $6,000+. The chart maker is using fuzzy math.
I don't know what effect the election will have on a possible loan guarantee but, with the notes (CUSIP 15643UAA2) valued at 57 and yielding about 17.1 percent, it doesn't look like the bond market is giving much consideration of the benefit of having this company protected by the Speaker of the House, John Boehner. Nor for that matter Senate majority leader Harry Reid being vanquished to his apartment at the Ritz-Carlton or wherever he's hiding.
"The Company maintained its NYSE listing throughout the Chapter 11 process, and its 30 trading-day average market capitalization is now above $50 million."
The Company is barely over that level now at about $55 million.
"In accordance with NYSE regulations, the Company will be subject to a 12-month follow-up period to ensure that the Company does not fall below any of the NYSE’s continued listing standards."
In the circumstances I wouldn't even have issued this press release. It just shows how tone-deaf the Company continues to be. If the share price drops another 10 percent, they'll be back in the same old soup.
What we need is a press release that talks about sales and margins!
The market cap is less than $55 million for the whole enchilada.
The Company continues to treat shareholders like mushrooms, providing no visibility on revenues and margins. There is no reason why the continuing operations (exclusive of ACP) of Centrus Energy need to be so opaque. They should provide guidance, and report monthly sales just like the retail sector does.
They don't need to wait to hire the new CEO. What LEU needs is sunshine. This is a perfect example of how the information gatekeeping franchise of the SEC hurts shareholders.
Thanks for your concern. I'm leveraged but not THAT leveraged.
I wish that I could explain weakness in the 8% notes and LEU, both of which I own, but I cannot.
With the technology already installed and working, why would RAD refuse any form of payment offered by the customer? To send people down the street to another retailer?
RAD needs to rethink. (FWIW, I own AAPL but far more RAD.)
Hey, I know you’ve listened to a zillion conference calls. Still I want to invite you to listen to the replay of CLF’s call this morning. It was certainly the best I’ve ever heard.
The new CEO, Lourenco Goncalves, took no prisoners. While I’m not a fan of management that punishes analysts for their low price targets, the most amusing point was when Goncalves refused to answer the question of the WFA analyst who has a $4 price target on CLF. He also dismissed the BAC analyst by telling her that selling a iron ore mine is more complicated than selling houses.
Also, look at the stock price chart for today during the call. Circuit breakers halted trading due the influx of buy orders (no doubt, much of it short covering).
Yes, I’m long the stock but am not recommending it. This link is just for entertainment. Go the Company's IR tab and click on "Events and Presentations," should you be interested.