Paladin Lures Acquirers With Low Stocks

Bloomberg reported Paladin Energy (TSX:PDN,ASX:PDN) is tempting acquirers with stock prices that are far lower than the value of its net assets.

As quoted in the market news:

Paladin, which lost almost 80 percent of its value after Japan suffered the worst atomic crisis in a quarter century, is now trading at a 22 percent discount to book value, according to data compiled by Bloomberg. While uranium prices have tumbled 26 percent since the meltdowns at the Fukushima Dai-Ichi plant in March 2011, the Perth-based company is projected this fiscal year to post its first profit since beginning production of the nuclear fuel, analysts’ estimates compiled by Bloomberg show.

Click here to read the full Bloomberg report.