URA is fundamentally cheap, with an average P/E of 10 and does look to be in a new uptrend. However, its a very niche market that I don’t know as much about and we have plenty of commodity-type exposure in our portfolio.
Does it likely go higher, ultimately? Probably so. But one would want an entry closer to moving averages ($11-$12ish) rather than where it is now in the $17ish area.
So, those are general thoughts. Not a recommendation. Also, I don’t encourage people to get more weighed in commodities right now, since we have plenty of exposure in that area, in solid assets that are broader-based and pay huge dividend yields. So I think they’re a better place.
Also, many of their stocks trade in Canada and South Korea. I’m not as much of a pro on their stocks. So, I do like Warren Buffett does and remain within my circle of competence. https://www.youtube.com/watch?v=vHq9d0bE06s
When I heard about Warren Buffet’s “Circle of Competence”, I tried to modify and personalize the concept to my experience with Sean and the mistakes I have made along the way, with my professional work (now retired) and usually trying to invest on my own. So, I came up with my own “Circle of Confidence” (partially stolen from Warren Buffet). I decided that I am much better off (and more “Confident”), following Sean’s training and recommendations.