Replies to post #27676 on Savvy Trades and Investments

[Swick984]

CUO - It's entirely possible that they have a charge for the lawsuit. I think its a liability in the neighborhood of $5 million, present value and after-tax. They may decide to bite the bullet and put it on the balance sheet and record a charge. If that is the case, it'll be a one-time charge though and will mean the removal of $300k+ quarterly litigation expense, which I think is worth more than the $5 million liability on a go-forward basis. I'm not at a full position as there may be an opportunity to take advantage of some panic selling if they do announce a one-time charge. I feel it's worth the risk at this price though.

[Swick984]

CUO - It's also interesting to note that materials companies are up big today (VMC, USCR, EXP) yet small CUO is actually still down at the moment. Market efficiency at its best... Thank you very much, I will buy some more.