Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Jane4IceCream who wrote (35653)	1/28/2004 8:27:47 AM
From: Tommaso	Read Replies (1) of 36161

Hi Jane, Just thought I would post that I have decided to get out of USU with a modest profit, because they are going to have to get $1.5 billion from somewhere, and that either means selling more stock or selling bonds. And their dividend is so high that it is probably going to have to be cut in order to expand --and they HAVE to build the centrifuge facility to stay in business. And if they cut the dividend, the stock would likely drop proportionately. I didn't realize that the new plant would cost so much relative to their present capitalization. They also seem likely to lose their monopoly position eventually to a new plant built by LES in New Mexico. Might be a great stock ten years from now with a renewal of nuke building, but I cannot wait it out.

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