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The knives are out for Weatherford (WFT -13.7%) after the energy services company posted a weak...

The knives are out for Weatherford (WFT -13.7%) after the energy services company posted a weak Q3 and warned of further accounting discrepancies in previous quarters that likely will lead to a "growing sense of unease and alarm," Simmons & Co. writes. Barclays cuts its rating and says it has "less confidence that a turnaround is achievable in the next two quarters."
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  • Stone Fox Capital
    , contributor
    Comments (7484) | Send Message
     
    Why does the company need to achieve a turnaround? Revenue continues to grow.
    13 Nov 2012, 05:39 PM Reply Like
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