Globe says Uranium One won't deplete you of profits 2009-10-06 07:12 ET - In the News
The Globe and Mail reports in its Tuesday edition that Middlefield Capital manager Rob Lauzon believes Uranium One is nicely priced. Anwar Ali writes in The Globe's BNN Market Call column that Uranium One stock advanced 17 cents to end Monday on the Toronto Stock Exchange at $2.65. The stock has a one-year range of 60 cents to $4.07. Mr. Lauzon says: "Uranium One currently trades below our net asset value estimates. It's one of the few publicly traded uranium equities with near-term production growth visibility." In his general outlook Mr. Lauzon says: "Given the strength in equity markets, investors will be less forgiving in the coming quarters on any signs the recovery is stalling. The economy must now validate the equity market rally. Despite recent weakness, we expect resource equities to lead markets higher supported by continued low interest rates and favourable demand/supply balances. We would overweight oil and natural gas in portfolios, while maintaining a position in gold as it has proven to be a haven in both deflationary and inflationary environments." Marquest Asset Management manager Andrew Cook recommended buying Uranium One in the BNN column on April 28. The stock was then trading at $3.42.
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