### The End of Cheap Uranium (USU)

Working on this paper...

The USU bond is back down to 70, yielding 14%.

skip to main |
skip to sidebar
## Monday, June 27, 2011

###
The End of Cheap Uranium (USU)

## Search This Blog

## Labels

## Blog Archive

Working on this paper...

The USU bond is back down to 70, yielding 14%.

Posted by CP at 6:37 PM

Subscribe to:
Post Comments (Atom)

- links (473)
- books (227)
- STP (182)
- sentiment (167)
- china (145)
- credit (142)
- RSH (131)
- bubbles (128)
- failed state (117)
- CNRD (113)
- TLT (112)
- oil (102)
- music (94)
- GMXR (93)
- recession (88)
- academic (83)
- natural gas (72)
- analysts (70)
- economics (70)
- bailouts (67)
- inflation (67)
- groupthink (66)
- trading (65)
- real estate (63)
- MGM (59)
- WLT (58)
- markets (56)
- humor (55)
- IEF (52)
- commodities (52)
- patience (52)
- CHK (47)
- EXXI (47)
- MCP (46)
- SLV (44)
- TSLA (43)
- ESLR (40)
- STPFQ (40)
- AONE (39)
- GBE (39)
- Hussman (39)
- DSL (38)
- energy (38)
- value (38)
- GNK (37)
- BTU (36)
- GGC (36)
- deflation (35)
- JRCC (34)
- performance (34)
- Fed (33)
- KV-A (32)
- videos (31)
- @pdxsag (30)
- distressed (28)
- High Plateau Drifter (27)
- O'bama (27)
- collapse (27)
- coal (26)
- solar (26)
- tobacco (26)
- AAPL (25)
- HOV (25)
- employment (25)
- NFLX (24)
- Greece (23)
- SHLD (23)
- ENER (22)
- GDP (22)
- REG (21)
- GLD (20)
- USG (20)
- WGO (20)
- CPE (19)
- NIHD (19)
- SPF (19)
- inefficient (19)
- ACI (18)
- BRK (18)
- fxe (18)
- micro (18)
- DNDN (17)
- MO (17)
- RMIX (17)
- philosophy (17)
- PM (16)
- Prechter (16)
- capital structure (16)
- Russia (15)
- mood (15)
- BCEI (14)
- CHKDG (14)
- LINE (14)
- entrepreneurship (14)
- contest (13)
- history (13)
- innovation (13)
- pairs (13)
- BKUNA (12)
- XCO (12)
- corona (12)
- BBI (11)
- OLN (11)
- agriculture (11)
- gold (11)
- medicine (11)
- shorts (11)
- war (11)
- AMZN (10)
- BTI (10)
- FTR (10)
- SU (10)
- banks (10)
- cfc (10)
- demographics (10)
- taxes (10)
- ATPG (9)
- CVE (9)
- FB (9)
- MMP (9)
- SDRL (9)
- VIX (9)
- VOD (9)
- anomalies (9)
- meta (9)
- momentum (9)
- muni (9)
- CIE (8)
- GOOG (8)
- Hendry (8)
- LDK (8)
- NEW (8)
- SPE (8)
- USU (8)
- biases (8)
- bzh (8)
- predictions (8)
- principal-agent (8)
- ANR (7)
- BONT (7)
- EPD (7)
- Japan (7)
- LNKD (7)
- MSFT (7)
- Taleb (7)
- ZROZ (7)
- casinos (7)
- crash (7)
- dollar (7)
- governance (7)
- hog (7)
- newspapers (7)
- signals (7)
- BP (6)
- CLF (6)
- CNQ (6)
- COSWF (6)
- F (6)
- FRMO (6)
- GE (6)
- YRCW (6)
- activism (6)
- currency (6)
- BBY (5)
- CORS (5)
- DMLP (5)
- GM (5)
- GNC (5)
- Graham (5)
- HOS (5)
- Horizon (5)
- IBB (5)
- LEH (5)
- MRO (5)
- PTQEP (5)
- SFBK (5)
- SWMAF (5)
- Trump (5)
- bitcoin (5)
- iron (5)
- nickels (5)
- pipelines (5)
- railroads (5)
- retailers (5)
- simultaneous invention (5)
- water (5)
- AIB (4)
- AIG (4)
- EGLT (4)
- FSLR (4)
- FXM (4)
- ICON (4)
- JOE (4)
- KWK (4)
- LEN (4)
- MBI (4)
- Mexico (4)
- NYT (4)
- PCY (4)
- SD (4)
- VLO (4)
- XOM (4)
- climate (4)
- clunkers (4)
- covid (4)
- evolution (4)
- mpg (4)
- networks (4)
- poker (4)
- sovereign (4)
- CMG (3)
- CZR (3)
- FST (3)
- IEI (3)
- JCP (3)
- JRC (3)
- KO (3)
- M (3)
- MHGC (3)
- PPLT (3)
- RGLD (3)
- TPL (3)
- VZ (3)
- WYNN (3)
- X (3)
- arbitrage (3)
- health (3)
- robust (3)
- $GNK (2)
- ABK (2)
- AXR (2)
- BABA (2)
- BCS (2)
- BSC (2)
- COF (2)
- COST (2)
- CRK (2)
- CRP (2)
- CVX (2)
- Cerberus (2)
- Chile (2)
- Cramer (2)
- DJCO (2)
- EK (2)
- FFH (2)
- FNM (2)
- FXY (2)
- GNKOQ (2)
- HK (2)
- HNFSA (2)
- HTZ (2)
- IMB (2)
- KEX (2)
- KL (2)
- LAMR (2)
- LDKSY (2)
- MCD (2)
- MTG (2)
- NAZ (2)
- O (2)
- OPST (2)
- ORCL (2)
- PBR (2)
- PPG (2)
- PQ (2)
- PREKF (2)
- SBUX (2)
- SGY (2)
- TRN (2)
- TVOC (2)
- Tufte (2)
- VRS (2)
- WAMU (2)
- WMT (2)
- art (2)
- bgc (2)
- helium (2)
- leverage (2)
- nonlinear (2)
- nuclear (2)
- outlier (2)
- trend failure (2)
- wealth (2)
- "Louisiana" (1)
- 1165.HK (1)
- AAMC (1)
- ABX (1)
- AER (1)
- AMD (1)
- AMR (1)
- APP (1)
- ARCH (1)
- AU (1)
- AUTC (1)
- Apple (1)
- CACC (1)
- CCME (1)
- CCSB (1)
- CHNGQ (1)
- CKH (1)
- CMFO (1)
- CNB (1)
- CNX (1)
- CRM (1)
- CRMT (1)
- CRR (1)
- CSCO (1)
- CSTR (1)
- CSUN (1)
- Concho (1)
- DBC (1)
- DBLEP (1)
- DIS (1)
- DISCA (1)
- DNE (1)
- DPTR (1)
- EREOI (1)
- ERII (1)
- FMCN (1)
- FTWR (1)
- GFI (1)
- GGP (1)
- GHBWF (1)
- GME (1)
- GMTN (1)
- GNE (1)
- GPS (1)
- GSAT (1)
- GTAT (1)
- HCC (1)
- HERO (1)
- HFBC (1)
- HLF (1)
- HPD (1)
- HQS (1)
- HYG (1)
- Harold Watson (1)
- IMO (1)
- JOY (1)
- KGC (1)
- LAD (1)
- LEG (1)
- LINSA (1)
- MAC (1)
- MCF (1)
- MIC.TO (1)
- MNKD (1)
- MWW (1)
- NCT (1)
- NILE (1)
- NOV (1)
- NOVB (1)
- NRP (1)
- NTG (1)
- NVO (1)
- OKE (1)
- OXY (1)
- PFE (1)
- PSD (1)
- PTON (1)
- PVA (1)
- QCEG (1)
- RAD (1)
- REXX (1)
- Rosie (1)
- SKF (1)
- SND (1)
- SNS (1)
- SSE (1)
- STR (1)
- STSA (1)
- SYTE (1)
- SZBI (1)
- TAXI (1)
- TC (1)
- TCK (1)
- TM (1)
- TRBR (1)
- TWMC (1)
- TXN (1)
- UFPI (1)
- UNG (1)
- VRX (1)
- VSTNQ (1)
- WFC (1)
- XOP (1)
- XRT (1)
- ZINC (1)
- ZLC (1)
- airlines (1)
- amat (1)
- ecology (1)
- hotels (1)
- marijuana (1)
- opportunity cost (1)
- paper (1)
- retirement (1)
- timber (1)
- uranium (1)
- vnbc (1)
- walk away (1)

Nothing on this blog shall be construed as investment advice or as legal advice. No site content (including advertisements) shall be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy.

The content on this site is provided without any warranties, express or implied, and does not constitute, and should not be taken as, investment advice.

The author and affiliates may and do hold positions in the securities and companies mentioned on this site. Any position disclosed on this site may be modified or reversed without notice to you.

The ideas expressed on this site are solely the opinions of the author. Any action that you take as a result of information, analysis, or advertisement on this site is solely your responsibility.

By accessing or using the RSS feeds on this site, you are agreeing to these terms and conditions: You may use the RSS Feeds on your Web Site for non-commercial use only, and with visible attribution. You may not sell, retransmit, redistribute, or commercially exploit the RSS Service, headlines or content in any manner except as expressly permitted by us. Credit Bubble Stocks reserves the right to discontinue providing RSS feeds and to require that you cease accessing or using the RSS feeds, or RSS feed content, at any time for any reason.

The content on this site is provided without any warranties, express or implied, and does not constitute, and should not be taken as, investment advice.

The author and affiliates may and do hold positions in the securities and companies mentioned on this site. Any position disclosed on this site may be modified or reversed without notice to you.

The ideas expressed on this site are solely the opinions of the author. Any action that you take as a result of information, analysis, or advertisement on this site is solely your responsibility.

By accessing or using the RSS feeds on this site, you are agreeing to these terms and conditions: You may use the RSS Feeds on your Web Site for non-commercial use only, and with visible attribution. You may not sell, retransmit, redistribute, or commercially exploit the RSS Service, headlines or content in any manner except as expressly permitted by us. Credit Bubble Stocks reserves the right to discontinue providing RSS feeds and to require that you cease accessing or using the RSS feeds, or RSS feed content, at any time for any reason.

## 1 comment:

I think USU is a terminal short bc their revenue streams appear to be drying up: "megatons to megawatts" was a cash cow that is over now and USU can't enrich uranium at a market clearing price bc they use a costly ACP "American Centrifuge Project" technology (~2x more costly as compared to the traditional Urenco process). USU has spent over $5B ACP so far and is maxed out in debt/equity, which is why USU has been asking the DOE for a $2B loan. I don't believe the DOE has any intentions of USU a loan because the DOE knows exactly how out of the money ACP enriched uranium is. I see the Toshiba/B&W investment as ineffectual. Now there is a $575M convert note that us trading around $70. Is that because the note holders believe they are safe because they are covered by the assets on the BS? Consider the value of that note if the decommissioning cost is 2-3x the value of the assets? Then wouldn't that note actually be worthless today? If you believe the DOE will deny USU the $2B loan and that the decommissioning cost is $600M+ then I would consider trying to get a nice clean CDS on that note.....if you can get it cheap enough that is.

Post a Comment