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A Canadian "Gem" at Cameco

 Mar 31, 2008 07:29 PM UTC
Symbol Sentiment Start Return Closed
CCJ Positive 03/31/08 -10.24% --

2/25 - "I love buying great companies near the bottom of the barrel," says resources expert Eric Roseman, who has added Canadian-based Cameco Corp. (NYSE: CCJ) to his buy list.

The edtior of The Commodity Trend Alert explains, "Cameco, the world's largest uranium concern, is a gem, right in the middle of a long-term earnings boom amid high energy prices and a massive backlog of orders for its raw material used to feed nuclear reactors."

"I think uranium prices, which are down 45% from their highs of $136 last year, will recover. The trend for cleaner-burning fuels is a major secular trend that's unstoppable...Uranium is here to stay and the world, including China, wants their share. Cameco Corporation is a buy up to $35."


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