Cramer's Uranium Pick (EMU)

Energy

Published: February 22, 2007 6:08 pm

Last Updated: March 26, 2020 6:09 pm

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

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