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Motley Fool recently reported that despite being displeased with Cameco Corporation (TSX:CCO, NYSE:CCJ) because the company reported a loss of $10 million in the fourth quarter, investors should consider this as time to scoop up Cameco shares.
Motley Fool recently reported that despite being displeased with Cameco Corporation (TSX:CCO, NYSE:CCJ) because the company reported a loss of $10 million in the fourth quarter, investors should consider this as time to scoop up Cameco shares.
According to the article:
Cameco is one of the most efficient uranium miners on the market today. Because it is a low cost miner, it is able to produce tremendous amounts of uranium without costing too much money. As other miners have to close shop, Cameco can continue to operate, giving it the ability to wait out the depressed prices of uranium.
This is important because the market for uranium is going to change over the next few years. India and China are going to be the primary countries that push the price of uranium up significantly as both nations realize they need to produce energy without polluting their cities.