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Strategies & Market Trends : Value Investing

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To: Jim Oravetz who wrote (9723)1/24/2000 3:06:00 PM
From: James Clarke  Read Replies (1) of 78519
 
I think USEC just bottomed. Please.

I've been watching and waiting for the orderly selling to break down into a rout. Today somebody said "no mas" and dumped a million share block at 5 3/8 or so, gapping the stock down nearly 20%. I just added to my position for the first time since the IPO.

The company had $1.75 or so of free cash flow last year, and still pays a dividend of $1.10 (which could of course be cut). At this extreme, after a big gap down, I figure its good for a trade at least.
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