I bought Uranium Energy Corp. as a low-cost producer on mothballs. I figured it'd be among the first to benefit once uranium started rising as I expected it to. Since then, it has the added plus of being a US uranium story at a time when the US government has started buying US-sourced uranium. The company has also expanded greatly through a series of mergers and acquisitions. This has added exposure to high-grade exploration and production in Canada's Athabasca Basin, which is appealing. However, I'm not a fan of all the acquisitions, and even the ones I do like were expensive. Whether or not UEC overpaid will only be determined after the assets are put into production (or not) and we see what kind of return on investment they provide. That's a long way away, and the company seems to be dragging its feet while other US producers are racing to get pounds out of the ground to sell now that prices are well above the necessary incentive level. I'm not saying that UEC is a bad uranium company, but that it has become a much larger and more complicated story than what I originally speculated on. That puts serious execution risk on the table. I have a big win, so I'm taking it and moving on. (Note that the exit price is a weighted average, as I took profits when the stock was trading much higher, so you won't find it on that date.)