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To: James Clarke who wrote (9779)1/28/2000 2:10:00 PM
From: Madharry  Read Replies (1) | Respond to of 78476
 
Do you think you were wrong on this stock because of the events that took place? When you made your case for USU your presented a very compelling argument. It is still not clear to me that the sharp price pressures could have been anticipated. It seems that is the risk when buying a commodity producer.



To: James Clarke who wrote (9779)1/28/2000 10:47:00 PM
From: LauA  Read Replies (2) | Respond to of 78476
 
Jim would you be so kind as to revisit your wrongness on USU? As I recall you spent a significant amount of time on the prospectus and succeeding filings and determined that the stock price was supported by its dividend yield. You calculated that their uranium stock sales would support the dividend payout even if processing revenues did not.

In which case, the intervening stock price is not necessarily germane.

Lau


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