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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (8109)8/31/1999 8:59:00 AM
From: James Clarke  Read Replies (1) of 78822
 
USU - The last two quarterly reports must have highlighted the weak pricing for SWU. That is no big secret. The S+P concern about the Russian contract is more interesting to me. This is a fixed price contract which looked like moderately profitable at the time it was negotiated. With the decline in SWU pricing, the contract has become a real albatross for USEC. If it is going to be renegotiated, keep your eyes open in December because that is when it will happen.

JJC
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