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Pastimes : HSOA for everyone
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To: KaiserSosze who wrote (556)2/9/2008 1:31:28 PM
From: blind-geezer  Read Replies (1) of 663
 
biz.yahoo.com

Allis-Chalmers Energy Inc. tumbled to its lowest point in more than two years after Wachovia downgraded the stock to "Market Perform" from "Outperform."

Analyst Brad Handler said the small oilfield service company's "vision is clearly expressed and logical." But he cautioned that its "ambitious strategy, management missteps ... and the scramble required to make the most of the challenging near-term environment in the U.S. (including the Gulf of Mexico) make us uncomfortable with near-term risk/reward."

Allis-Chalmers shares fell 79 cents, or 7.4 percent, to $9.89.
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