Jim Cramer on Cameco: "You Can Own That Stock"

Cameco Corporation (NYSE:CCJ) is one of the stocks on Jim Cramer’s radar recently. Answering a caller’s question about the stock during the lightning round, Cramer said:

“No, Cameco is not speculative, that’s right. It’s just a business, a very good business, and it’s done quite well. And I’m not putting that in that camp of no earnings. Nothing on the balance sheet, no. They’re a good company, and you’re absolutely right, you can own that stock.”

Cameco Corporation (NYSE:CCJ) supplies uranium and nuclear fuel products used in electricity generation. In addition, the company provides reactor technology, engineering support, maintenance services, and components for nuclear power plants. A caller inquired about the stock during the July 17 episode, and Cramer responded:

“I like CCJ. It’s one of the stocks, it’s one of those, along with Oklo and the small form reactors too. I just think that this is a winner. What am I going to say? I am pro-nuke, and I think people should be in them.”

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Disclosure: None. This article is originally published at Insider Monkey.