Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : United States Enrichment Corporation (USU) -- Ignore unavailable to you. Want to Upgrade?

To: Kathleen capps who wrote (76)	10/26/1999 10:59:00 AM
From: Daniel Chisholm	Read Replies (1) \| Respond to of 81

Did I miss something, or did I just receive (effectively) a 9.5% non-cash dividend? ;-) I notice that they sold $25M of uranium (stockpile reduction, I presume). I hope this is part of an orderly planned liquidation of a non-operating asset, and not a desperate attempt to prop up their top line. Their SWU revenue was drastically lower ($200M vs $300M) compared to the year-ago quarter. I recall from reading their 10-Qs and 10-K that they can ordinarily experience large quarterly fluctuations in revenue, due to the size of their SWU contracts and the relatively small number contracts. Well, here it is, a big fluctuation -- should I be worried ("their top line is drying up!"), or is this just part of the ordinary course of events? I can't wait to read their 10-Q, hopefully I can get a handle on it then if someone doesn't reassure (or terrify) me in the meantime. - Daniel