On tonights MAD MONEY on CNBC, Jim Cramer had a nuclear power play that may still have a negative bias if the democrats comeinto power. Cramer actually has a nuclear power play in Uranium despite this. China has 30 nuclear power plants being built, and everyone else wants nuclear power plants except for the US.
I noted this uranium ‘safety net’ hopes by Merrill Lynch for investors back in December. Who knows how that research call out of Merrill Lynch is really going.
Cameco (CCJ) already had a huge problem with a floor, but Energy Metals (EMU-NYSE) is his play. He says not to pay over $12.00 on it. EMU is a speculative one for Cramer since they dont really produce uranium yet. He thinks it could make 5 million pounds in 2012, but it could pay off big. Cramer thinks it could be acquired too, maybe by Cameco since they have problems being able to supply.
Jon C. Ogg
February 22, 2007
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
