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

To: Mort who wrote (48)	3/9/1999 6:31:00 PM
From: Michael Burry	Respond to of 81

Very interesting article on AVLIS technology annistonstar.com My tendency is to believe the company over its competitors and evaluators who saw the technology 1-2 years ago. By my reckoning of the company's cash flow and potential massive savings on electricity, a new plant to me sounds like a slam dunk, even with taking on substantial debt. This debt reminds me of the Tricon Global situation when it was at 25 1/2 (now 66). Just spun off, Tricon had negative equity due to massive debt and uncertain new management initiatives, but had strong cash flows. The doubt surrounding AVLIS implies to me that the market really is not yet counting on it yet. Patience. Mike