i have to question your logic on that chub
according to google finance Cameco is trading at 177x pe ratio. thats extraordinarily high (though it might be wrong figure - google finance isnt alway 100% reliable on p/es. but this is just for sake of argument)
Given a typical P/E ratio for a commodity stock is around 10-12x, this suggests the company has been losing money, may have just slipped back into the green - and investors are expecting profiutability to surge much higher in next few years - to justify such a massive premium
the only way thats justifiable is if either they think
a) uranium price is rising a lot, or
b) cameco;s costs are going to drop a lot
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