Abstract
'N THIS TALK l have decided to put particular emphasis on aspects of atomic energy which I conceive will especially interest this audience. It will of course mean less a complete treatment of certain parts of the subject The Investment Status of Atomic Energy. My idea was to avoid -a balanced summary because these have been presented at many conferences and reprinted in financial periodicals. I have further modified my remarks in order to reduce the overlap with my article printed in the current issue of your Federation's ANALYSTS JOURNAL entitled Uranium Demand and Supply. At the outset I would like to state a two-fold thesis. First, the atomic industry is moving swiftly and gives every indication it is just embarking on a period of rapid expansion. Second, the prices of atomic stocks by and large are currently capitalized at fairly high but not unreasonably high price-earnings ratios and fairly low but not unreasonably low dividend yields.
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