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Non-Tech : United States Enrichment Corporation (USU)
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To: Terrapin who wrote (56)5/4/1999 11:15:00 PM
From: James Clarke  Read Replies (2) of 81
 
<<As the dividend climbs my confidence in it diminishes.>> There are two ways a dividend yield goes up. One is good and one is bad. This is not the good way.

I think the selling the last couple days had a bit of a panic to it because as the price fell people started to get very scared about today's earnings release. They hit their reduced forecast, reiterated the full year estimate and reiterated the dividend policy. But they cut next year's earnings number. There is reason to be worried here. How much of it is in the valuation is always the million dollar question.
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