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Strategies & Market Trends : Value Investing
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To: Mr.Gogo who wrote (42857)5/30/2011 9:06:53 PM
From: Spekulatius  Read Replies (1) of 78639
 
>>How will they replace the energy they get from the Nuclear Plants??? I cannot believe that Germany is doing this. <<

I can - in fact I expected this, based on the sentiment in the German news. Wether this decision makes sense or not from our perspective is irrelevant imo- all that matters for the investment decision is the financial impact for the operators RWE.DE and EON.DE

Based on what I am hearing from Japanese sources, I would not bet on the LT future of nuclear energy in Japan either. Currently they cannot really afford to shut down nuclear power plants (one plant has been shut down nevertheless by the government) but once the current supply constraints are resolved, I expect that the nuclear energy in Japan will be slowly phased out too. I believe that nuclear energy will be having a hard time in most democracies. China will soldier on, but Korea (which has a large build program too) may have political issues too to execute their program.

What I take home from this is that I would not want to own nuclear energy related stocks until they are dirt cheap. I own some (Toa Valve) in japan that just revised their earnings down by ~30% due to cancelled/on hold project and they trade at 7x FWD earnings will almost all the market cap in net cash.Nevertheless the stock has been very weak, as well as his Peer Okano Valve (5x FWD earnings).

Well, that is what I am talking about, when i talk about cheap nuclear power related stocks, most stuff besides Japan still seems to be very overpriced, given the new realities.
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