Jim Cramer on Centrus Energy: "I Cannot Countenance a Buy Anymore"

Centrus Energy Corp. (NYSE:LEU) is one of the stocks Jim Cramer expressed his thoughts on. When a caller mentioned that they feel that they have not invested enough in the stock, Cramer commented:

“Coming in here up 275%. I cannot countenance a buy anymore, I’m sorry. That’s just the way it has to be. I know I might limit your upside, but I’m trying to keep your downside lower. That’s my job.”

Centrus Energy Corp. (NYSE:LEU) supplies nuclear fuel, including low-enriched and enriched uranium products. In addition, it provides technical, manufacturing, and engineering services for nuclear power operations. During the lightning round of October 30, when a caller inquired about the stock, Cramer called it a “good company,” as he commented:

“Oh, look, that, it’s a good company. I mean, look, it did have that nice pullback, which is what I wanted to see because it was just parabolic. I think you’re fine in it. It’s not, look, after what I saw with American Electric Power, it’s not crazy expensive.”

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