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Analyst downgraded Weatherford International Ltd.' M5 t7 l. U- \! c7 y/ r2 k
0 T4 X3 y5 J% l; W* d KDTLY-F analyst today pointed out that WFT is reaching its resistence. With a high P/E of 323.16, it will be really hard for WFT to break the resistance at $21 per share in short term. Plus, a less than 15B market capital is still too small for a 52000-employee company.8 }2 z, ^: u) j8 `% T
+ b, \/ o) m* Y- DTLY-F began covering WFT from late Oct, 2010; and the investment generated +15.6% return in 3 weeks. Based on the above analysis, all shares were dumpped with profits taken in today's trading. These cash may be invested into large-cap EU finanical groups, DTLY-F analyst added. |
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