United States Enrichment Corporation (USU) Message Board

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Non-Tech : United States Enrichment Corporation (USU)

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To: Kathleen capps who wrote (76)	10/26/1999 10:59:00 AM
From: Daniel Chisholm	Read Replies (1) of 81

Did I miss something, or did I just receive (effectively) a 9.5% non-cash dividend? ;-) I notice that they sold $25M of uranium (stockpile reduction, I presume). I hope this is part of an orderly planned liquidation of a non-operating asset, and not a desperate attempt to prop up their top line. Their SWU revenue was drastically lower ($200M vs $300M) compared to the year-ago quarter. I recall from reading their 10-Qs and 10-K that they can ordinarily experience large quarterly fluctuations in revenue, due to the size of their SWU contracts and the relatively small number contracts. Well, here it is, a big fluctuation -- should I be worried ("their top line is drying up!"), or is this just part of the ordinary course of events? I can't wait to read their 10-Q, hopefully I can get a handle on it then if someone doesn't reassure (or terrify) me in the meantime. - Daniel

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