On the web since 1997
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On the web since 1997 |
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The Battle for EarthLuke Hodgens / Powerhouse Profits -- A relatively quiet battle for mother earth has been ongoing for weeks. Several combatants have been engaged in a bidding war for some of the most sought after real estate on the planet. And now, it looks as if a victor may have emerged…at a cost of $7.3 billion, perhaps the greatest bargain in real estate history. It’s not the land itself that is worth billions, it’s the metal buried within that land that’s worth a king’s ransom. I speaking of the eminent buyout of WMC Resources (NYSE:WMC) by BHP Billiton (NYSE:BHP).It was announced this morning that BHP would trump a previous offer by Xstrata of $6.5 billion. I spoke of this bidding war back in the February issue of Powerhouse Profits. At that time, the February stock pick was down to two companies, one of them being WMC. Knowing we were in the middle of a bidding war, I figured it safer to stay away from WMC and go for our other option. Since the pick was originally made, shares of WMC have risen about 15%....not bad for less than two months. However, shares of our February choice stock have risen by 31%. So you can see we made the right decision. It now looks as if WMC is worth adding to your portfolio. Consider it a free pick! So what’s so special about WMC? One word….uranium! The uranium market is red hot; and still largely ignored. Prices for uranium are expected to double in the coming two years. Demand for uranium will outstrip supplies by 11% by 2013. Why? Construction of nuclear power plants is at breakneck speeds. China, India and Russia are expected to build about 70 new plants within the next 15 years…call it a nuclear renaissance. With traditional energy prices skyrocketing, you can expect the US to begin building new plants too. WMC Resources Olympic Dam mine may contain one third of the entire planet’s uranium. If prices for uranium do double, as expected, the value of WMC’s assets could double…and its stock price could quadruple! However, since most of the WMC uranium is still deep in the ground, it is less attractive a buy as companies who have above ground reserves, or stockpiles. If you’d like to find out about the best uranium stock on the market, simply go to www.powerhouseprofits.net, click on Newsletters, and read the February issue. The stock you’ll read about is a must own, WMC is a stock you may want to own. Shares of WMC are up about 65 cents on the day, as of this writing. While shares of our premium uranium stock are up $1.40…even though WMC is being targeted for buyout! Mike Stanton, from Phoenix Arizona said this about Powerhouse Profits: “I’m just a small investor; I bought some of your picks and am very pleased with your suggestions. Your comments based on research make so much sense.” “I enjoy your paper and always look forward to reading it. Please just keep doing what you’re doing!” If you’d like to join Mr. Stanton, and countless other investors who are making serious money with Powerhouse Profits, the time to do so is now. Why wait until next month when you’ll miss out on this month’s profits? Luke Hodgens is the editor of |
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