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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (4617)	8/6/1998 9:36:00 AM
From: James Clarke	of 78673

re: USEC real brief. go back and read the whole discussion a couple weeks ago. but I like your questions. 1. environmental liabilities are indemnified by the U.S. government 2. Russia wants the contract, USEC would love to break it tomorrow. If they were to stop shipping it would be a gold mine for USEC. They won't. The risk is the other way, that the Federal Government forces USEC to buy more Russian HEU. 3. No opinion 4. I have no reason to believe this is not a stagnant, even declining business. That's why the dividend is so important. But I think if you read the prior posts you'll see there's a lot more to the story than that. Jim

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