Cameco: One Of Few True Safe-Haven Stocks In Event Of Recession

RHJ Investment thesis

There is growing talk of an impending recession. It might be perhaps just certain countries that may experience it, or perhaps it could become a global one, which means that it is time to talk about safe haven investments. Generally, the sectors we automatically think about tend to be along the line of the consumer staples sector, as well as a few other potentially non-cyclical industries. Whenever the next recession will occur, most of the commonly held notions will fail, because this recession will differ from most recessions since WW2 in terms of causes, as well as consequences. Few industries will be unaffected, but uranium mining may be an exception. It is a non-cyclical commodity and Cameco (NYSE: CCJ ) is arguably the most solid, and least exposed company within the sector to a growing list of increasingly diverse risks. It is therefore my number […]

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