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
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
