He's wary of uranium, difficult to determine supply and demand given the politics. Uranium prices have been struggling for years. Pays a small dividend and yield. The stock price won't rise for a long time.

Uranium stocks are cheap on a price to book basis, he thinks.  The issue now is when will new long term contracts come in?  When will the Japanese come back?  Nor are we hearing of any rumours of new contracts.  It is hard to see a positive outlook.  He would continue to hold.

The sector has been out of favor. It closed its mine but might reopen it this year.

The dividend will not likely be cut again.  You have to wait until Uranium prices rise and that would be good for this stock but they would not rush to increase the old dividend level.  The dividend is almost irrelevant.

Uraniam prices have struggled since the Japan earthquakes. Another overhang for Cameco is their CRA issue. Hang onto this. It's had a nice move off the bottom. Cameco is short of uranium this year, so they have to buy uranium this year. But buyers have bought enough uranium, so there's an excess on the market. We've hit a bottom in uranium prices, so he expects a bounce...as well as volatility.

He hasn't owned this for five years. The stock has come off a lot. Solid dividend though, but the outlook for uranium is mixed. Prices are low. Demand five years ago was strong with China and India building nuclear power plants, but demand is now modest.

Has looked at this so many times in the last decade. The theme is that they are a low-cost producer of uranium. People want to get away from oil and gas, so nuclear power seems to have some long-term future. Every time he sees an analyst report, uranium prices are going to go up in 2 years time, and this has been going on for decades. It never seems to happen. The company is dealing with a CRA issue on the tax side as well, but it would be manageable.