Cameco Corporation (CCJ)

[chipboarder]

OK Take a deep breath...the headlines say Cameco has lost a $1.3 billion contract so lets put that in perspective...
The $1.3 billion is projected sales over the next 11-12 years and amounts to $128 million/year for 2017, 2018 and 2019. This compares to what the annual sales are expected at $2.1 billion/year. So 128 divide by 2100 is 6.1% loss of anticipated sales. Its significant but not outrageous.

The PPS is down something like 12% this morning. Suck it up, sharpen your pencils, revisit the Australian deal and go to "Plan B". (Plan B is not to sue your customer but perhaps negotiate a "break up package" after all they may want some uranium sometime in the future)