Utah: Its a Dump

Although we have witnessed many weird things in NYC over the years, the Big Apple is rather staid compared to Utah...the landlocked state that proudly claims the California Seagull as its state bird.

Things in the “State of Industry” mutated into a turn for the worse with a recent deal to name the home of the Utah Jazz after a nuclear waste dump.

But Utes of all ages are chiming in. They love the deal and have already submitted nicknames for the home of the Jazz…

The Glow Bowl and the Isotope. The Dump and ChernoBowl. JazzMat (short for Jazzardous Materials), the Big Bang and the Tox Box. The Power House and the Hot Spot. The Fallout Shelter. And the Melta Center.

A letter writer to The Salt Lake Tribune suggested the jaunty Radium Stadium. NY Times

We wanted to analyze the investment merits of Energy Solutions for our loyal readers. Unfortunately, the company is not publicly traded...yet.  But with several private equity firms involved it is probably only a matter of time.

Although Energy Solutions has all the trappings of a hot IPO, investors might want to kick the tires of USEC Inc. (USU-NYSE) or Cameco Corporation (CCJ-NYSE) too, as the closest toxic proxies to Energy Solutions.  These Uranium plays might not outperform the S&P...but investors would probably prefer them to a lump of coal.

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