Narrower focus will help these two

Article Excerpt

CAMECO CORP. $31.11 (Toronto symbol CCO; SI Rating: Extra Risk) (306-956-6200; www.cameco.com; Shares outstanding: 392.6 million; Market cap: $12.2 billion) is the world’s largest uranium producer. Its large, high-grade reserves and low-cost operations, significant market share and access to a number of sources of uranium give it a strong competitive position. Cameco gets most of its uranium from its 70%-owned McArthur River mine and the Rabbit Lake mine, both of which are in Saskatchewan. The company also owns the Crow Butte and Highland mines in the U.S. Through subsidiaries, Cameco holds a 31.6% interest in Ontario’s Bruce Power partnership, which operates four of the eight reactors at the Bruce plant, North America’s largest nuclear-power complex. In the three months ended June 30, 2009, Cameco’s earnings, excluding one-time items, rose slightly, to $140 million from $139 million. Earnings per share fell 7.7%, to $0.36 from $0.39, on more outstanding shares. Revenue rose 24.8%, to $774 million from $620 million. The company sold more uranium…