Allis Chalmers Energy (ALY)
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Bronco Drilling Holder Wexford Capital Reiterates Opposition to Merger [view article]
Wexford didn't think 17 was a bad price when it unloaded most of their holdings at 17 in 2005-2007. This is just a ploy to squeeze more money out of ALY. ReplyEditors
General Discussion on ALY
Is this a buy or a sell? ReplyAllis-Chalmers Post Earnings Analysis [view article]
Allis Chalmers has been hammered far more than the news justifies. I agree with the writer of this article that ALY is a buy at these levels. It is in a good sector and has some great upside with the revenue increases it has been able to generate. The issues that caused it to under report profits are one time issues and shouldn't re-occur going forward. Reply