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Anyone following UUUU?
Posted on 7/18/23 at 4:36 pm
Posted on 7/18/23 at 4:36 pm
I've held it since 2021, and while the SP hasn't done much, it appears primed for a run based on this excerpt from Zack's
For the past 2 1/2 years, I've been selling covered calls on it - the SP bounces have been good for that, and my effective SP basis is $1.75.
So what's the thoughts here? Stay in, stack, or bolt?
quote:
UUUU's full-year Zacks Consensus Estimates are calling for earnings of $0.59 per share and revenue of $43.25 million. These results would represent year-over-year changes of +255.26% and +245.59%, respectively.
For the past 2 1/2 years, I've been selling covered calls on it - the SP bounces have been good for that, and my effective SP basis is $1.75.
So what's the thoughts here? Stay in, stack, or bolt?
4
Posted on 7/18/23 at 6:58 pm to TigerHornII
I have a small amount as a hold but am not buying more. A safer play might be options like URNM, URNJ, or SRUUF.
They have a mill that will be able to produce rare earths as well as Uranium from ore. In the United States that's a rare resource. In the scale of global Uranium production they are really small time - every though they will likely produce more than other American Uranium companies.
When you listen to their presentations recently they play up the importance of their rare earth (vanadium etc) production. Maybe that generates significantly more value but I think that's yet to be established.
They have a mill that will be able to produce rare earths as well as Uranium from ore. In the United States that's a rare resource. In the scale of global Uranium production they are really small time - every though they will likely produce more than other American Uranium companies.
When you listen to their presentations recently they play up the importance of their rare earth (vanadium etc) production. Maybe that generates significantly more value but I think that's yet to be established.
Posted on 7/18/23 at 7:51 pm to TigerHornII
The zacks consensus EPS doesnt make sense unless I am missing something. At $43 million in revenue, revenue per shares would not be $0.59, nevermind earnings.
That being said, I am in the position. I prefer other uranium plays, but I think UUUU is high beta to the sentiment of uranium (and rare earth).
The underlying dynamics of uranium are stunningly good in my opinion. Assuming no black swan event, it is a matter of time.
That being said, I am in the position. I prefer other uranium plays, but I think UUUU is high beta to the sentiment of uranium (and rare earth).
The underlying dynamics of uranium are stunningly good in my opinion. Assuming no black swan event, it is a matter of time.
Posted on 7/19/23 at 7:00 am to TigerHornII
Sitting on 2,000 shares and a few leaps as well. Agree with both of the other posters here on the uranium and rare earth exposure
Posted on 7/19/23 at 8:04 am to TigerHornII
I’m in for a decent position for myself, probably small for most on the MT.
Holding longer term for the underlying market fundamentals to be captured in the share price. I’ve added a couple of times on the big dips and just continue to hold.
Holding longer term for the underlying market fundamentals to be captured in the share price. I’ve added a couple of times on the big dips and just continue to hold.
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