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Vet67to82
Vet67to82
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Vet67to82's Blog : USEC (USU) at less than 50% TBVpS

Date April 26, 2011    Comments Comments (1)    Rate this post Recommend This Post (107)   
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Nice article on badly undervalued Uranium producers and processors.


 -- Uranium Producers in Takeover Play as Assets Exceed Share Price: Real M&A


http://www.bloomberg.com/news/2011-04-14/uranium-producers-in-takeover-play-as-assets-exceed-share-price-real-m-a.html?cmpid=msnmoney


USEC (US) is selling for LESS than 50% of book value (BV) and Tangible Book Value per Share (TBVpS) .


and (2)  American Centrifuge Plant Loan Guarantee Advances to Next Stage     April 26, 2011 7:30 AM ET


http://money.msn.com/business-news/article.aspx?feed=BW&date=20110426&id=13456788


 

Tags : US   BV   USU  

1 Comment(s):

Author Vet67to82     Date April 27, 2011 12:34  Edited: April 27, 2011 by Vet67to82 Abuse this post Report Abuse
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USEC Inc USU:NYSE.
Noon Yesterday $4.66 + 0.1600 +3.56%

BV per share (MRQ) 11.40 -- --
Tangible BV per share (MRQ) 11.34

Price/BV = 40.88% (59.12% undervalued)

Price/TBVpS = 41.09% (58.91% undervalued)

Notable is that USEC (USU) is expensing the costs of the American Centrifuge Project (ACP) which when done wil have a projected 95% power advantage vs other producers of low enriched uranium (LEU) for power producing reactors. That 95% power advantage will factor into the Separative Work Units (SWUs) that is part of the pricing of the LEU.
By expensing ACP costs now, future measures like ROA, ROE, and ROI, will put USU at the head of the pack during peer, industry, and sector analyses.
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