Q: Your current thoughts on CCO? I have it for materials and it's been sinking. Hold or jump ship and buy what in its' place? Thanks. Al
5i Research Answer:
CCO has declined as the uranium sector frenzy has cooled off. But, it is still up 45% in a year, and for 'safer' uranium exposure we still think it is one of the best for the sector. It is expected to see nice earnings growth over the next two years, and it has decent leverage to uranium pricing. We would be fine continuing to HOLD.