Back in the days when USEC actually operated enrichment plants I was always struck by the fact that their revenues were orders of magnitude greater than their earnings. The contracts are about revenues. Earnings per share are what rewards stockholders. Centrus (formerly USEC) has no hope of positive earnings at any time in the forseeable future.
and earnings per share of Negative $14.
For a stock selling at $3.20 per share, this means it is completely wiping out shareholder equity 4.3 times per year.
Nor is there any way to turn around the bleeding. The plan was to complete the new centrifuge enrichment plant and get back into the business of enriching uranium, but they don't have the money to do this or are they able to borrow money.
Meanwhile, the spot price for enriched uranium is at a 16 year low.
Net Income Applicable To Common Shares for the last 4 qtrs was (101,800) (55,100) (15,100) (15,400) with the biggest loss in the most recent quarter.
Sorry, pumpers, this stock will not double or quadruple from these levels.