Unloved, Unwatched Uranium
In the same period of time, Cameco's (NYSE:CCJ) stock price held up remarkably well until generalized selling forced its share price to sharply capitulate since July, essentially lopping off two-thirds of its value and forcing it to trade well below its NAV. And this the chart of the biggest "pure" uranium company in the world; one can just magine what the comparative charts of smaller junior explorations look like.
And yet, in this new era of pronounced fear, pessimism, or downright apathy to anything financial related, the small subset of bold investors look at the amount of blood on the streets, fight down their own misgivings, and logically reconsider the fundamentals of the uranium story. Nuclear reactors are still being built around the world and they will need fuel. Massive oil finds are a thing of the past and people need alternative energy sources, with the benefit that even environentalists are starting to acknowledge that nuclear may be viable part of a greener future. Add in the possibility that dozens--if not more--of the smaller uranium companies may fail in the coming months due to the credit crunch may provoke one to start thinking of the million dollar question: who will be left? Because yes, uranium is for real and yes, the few survivors left will eventually rise up again to new heights.