Think It's Too Late to Buy Cameco? Here's the Biggest Reason Why There's Still Time.
Cameco(CCJ) The Motley Fool·2024-11-21 18:08
With Cameco (CCJ 3.47%) trading at roughly 26 times its estimated 2025 earnings, no investor is buying stock in this uranium, nuclear fuel services, and nuclear plant services company for what it is now. It's far more likely they are buying for what it could become in the future.As such, the case for the stock doesn't just rest on a "connect the dots" approach to its metrics and the possibility of an expanded role for nuclear energy. There is something more going on here. Let's explore.The case for CamecoTh ...