Thursday, September 06, 2007

CCJ

Cameco Corp. is acting well today so keep it on the radar going into the close. Cameco announces $750 mln share buyback (CCJ) 40.51 +0.01 : Co announced it intends to proceed with a significant program to repurchase up to 5% of the co's common shares, representing an investment of about $750 mln at the current share price. "We are committed to strengthening our core asset base for the long term. And, in the near term, as attractive assets have not been available at reasonable valuations, the best investment today is repurchasing our own shares... We intend to acquire the maximum number of shares allowed."

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