Contrarian Trade: An Oversold Uranium Dividend Stock With High Options Yields

Uranium stocks have had a meltdown in the wake of the Japanese nuclear reactor emergency, causing one of the major players to shed over 30% of its market value in March. We're talking about Cameco, (CCJ), which produces nearly 16% of the world's uranium, second only to Kazatomprom, a state-owned producer in Kazakhstan.Cameco's CEO states, in a video on their website, that Japan will probably only impact the company's sales by about 3 to 5%, and that this should be offset by greater Japanese consumption during the coming rebuild. He also points out that the impacted reactor is 40 years old, and that the new plants being built around the world have higher safety specs than the older plants. There are 53 reactors currently under construction and, by 2019, 91 new reactors (net) are forecast to come on line. Most of this new build is being driven by rapidly... Read more

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