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Strategies & Market Trends : Value Investing

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To: Grommit who wrote (36579)	2/16/2010 12:46:30 PM
From: E_K_S	Read Replies (1) of 78701

Westinghouse Statement Regarding Issuance of Conditional Loan Guarantees for New Nuclear Construction finance.yahoo.com From the article:"...Westinghouse and its consortium team member The Shaw Group (NYSE:SHAW - News), are under contract to provide two of Westinghouse AP1000â?¢ nuclear power plants at Southern's Vogtle site in Georgia.Â The consortium is also building four AP1000sâ?¢ in China and has been selected to provide no less than 12 additional AP1000s elsewhere in the United States....". ================================================================= The nuclear component for Shaw is small but growing. Shaw also makes money on the reoccurring service business from the new Nuclear facilities. The real value (if you are betting on a stronger $US dollar) is their $1.5B assumed loan from Toshiba (from the purchase of Westinghouse) which is pegged in Yen/$U.S.. As the $US dollar gets stronger, this debt is worth less on their balance sheet and the company's net worth increase. EKS

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