Allis-Chalmers Energy (ALY)

[MWM]

Go ALY Go! 1.99!

[MWM]

Oil to $55 come on ALY break $2!

[MWM]

Sweet, I think the ceo and his margin calls were what drove this so low... Back over $2 we go!

[jaybird249]

That was me this stock is a GEM. $2 tomorrow

[MWM]

ALY Excellent close at HOD!

[MWM]

Nice Post from Yahoo

Like this company. Great cash flow, long debt maturities
23-Mar-09 09:42 pm

The profile of our debt is such that 85% is on an interest only basis, due in 2014 to 2017. We currently have $42.5 million of borrowings under our $90 million revolver or about 4% of our capitalization. We have a total of approximately $70.0 million available under our credit facilities and net working capital of approximately $83.1 million.”

Segment Results for Full Year 2008:

[MWM]

This is why I like this stock, CEO and his margin calls, drove it way too low...

CEO SELLING STOCK

Addressing concerns over the heavy sale of Allis-Chalmers stock by himself and other employees recently, CEO Hidayatallah said he had lowered his stake in the company to meet margin calls and that this should not reflect on his commitment to the company.

Shares of Allis-Chalmers have lost 86 percent of their value in the last 12 months, hurt by a massive drop in oil and gas prices from their record highs in July last year and a generally weakening outlook for U.S. oil service companies.

[MWM]

ALY $1.60! I knew you could do it, your CEO is done with his forced selling isn't he...

[MWM]

ALY break $1.50, I think you can I think u can!

[MWM]

Come on ALY you can do it!

[MWM]

Looking good again here...

[MWM]

U can do it ALY, how about $1.50 by days end...

[MWM]

Some insider buys always help...

http://www.secform4.com/insider-trading/3982.htm

[MWM]

ALY Chart looking good!

[MWM]

ALY coming back nicely, I've got some April calls!

[slimpickens]

Hopefully the CFO would know if they're going to meet their debt payment schedule and he's one of the buyers.

[MWM]

The only thing that scares me here is their debt, other than that, it looks pretty chaep down here...

Balance Sheet
Total Cash (mrq): 6.87M
Total Cash Per Share (mrq): 0.195
Total Debt (mrq): 593.66M
Total Debt/Equity (mrq): N/A
Current Ratio (mrq): 1.584
Book Value Per Share (mrq): 10.894

[MWM]

http://www.secform4.com/insider-trading/3982.htm

[slimpickens]

5 insiders report buying stock.
Looks like those funds unable to own this at under a buck are getting out.

[MWM]

CEO SELLING STOCK

Addressing concerns over the heavy sale of Allis-Chalmers stock by himself and other employees recently, CEO Hidayatallah said he had lowered his stake in the company to meet margin calls and that this should not reflect on his commitment to the company.

Shares of Allis-Chalmers have lost 86 percent of their value in the last 12 months, hurt by a massive drop in oil and gas prices from their record highs in July last year and a generally weakening outlook for U.S. oil service companies.

[MWM]

Very interested to see how well she holds $1...

[MWM]

At Caterpillar's financing subsidiary, new retail financing dropped $672 million to $3.4 billion in the most recent quarter from the same period a year earlier. Still, Caterpillar continues to line up loans. On Feb. 5, the day it conducted a $3 billion bond sale, Caterpillar also announced $29 million in revolving credit to Allis-Chalmers Energy (nyse: ALY - news - people ) to help it buy two drilling rigs (Cat makes the engines).

[MWM]

Allis-Chalmers posts Q4 loss, cuts 2009 capex by 57 pct
Wed Mar 4, 2009 2:16pm EST

Posts Q4 loss on impairment charge, other items

* Q4 EPS, ex-items, $0.28 vs est $0.32

* Cuts 2009 capex to $66.5 mln vs $155 mln in 2008

* Sees 35 pct sequential decline in Q1 domestic rev

* Shares up 18 percent (Recasts; adds conference call details, analyst's comment, updates share movement)

BANGALORE, March 4 (Reuters) - Oil services company Allis-Chalmers Energy Inc (ALY.N) swung to a fourth-quarter loss, slashed its 2009 capital expenditure budget by 57 percent and forecast a sequential drop in first-quarter domestic revenue.

"I don't think anyone cared that much about the fourth quarter... The fact that they are aggressively cutting costs is appreciated by the Street right now," Sidoti and Co analyst Steve Ferzani said, reacting to the 18 percent rise in Allis-Chalmers shares.

Shares of the company -- which announced a slew of cost cutting measures last month, including 235 job cuts domestically -- also rose as oil prices jumped 7 percent after data showed an unexpected drop in U.S. crude stocks and an increase in gasoline demand. [ID:nSP408417]

"Unfortunately, we will not see the full benefits of the $32 million in cost cuts that we initiated in the first quarter. We will see these benefits coming into play in the second quarter of 2009," Chief Executive Micki Hidayatallah said during a conference call with analysts.

The oil services company set a 2009 capital expenditure budget of $66.5 million, down from $155 million for 2008.

The company intends to spend nearly a third of this allocation on its operations in Brazil and Argentina, Hidayatallah said.

Houston-based Allis-Chalmers expects domestic revenue to drop 35 percent sequentially in the first quarter, but sees revenue growth in its international business during the same period.

It also expects its international unit to "generate strong free cash flow in 2009." Apart from Brazil and Argentina, Allis-Chalmers has operations in Columbia, Mexico and has recently forayed into the Middle East.

CEO SELLING STOCK

Addressing concerns over the heavy sale of Allis-Chalmers stock by himself and other employees recently, CEO Hidayatallah said he had lowered his stake in the company to meet margin calls and that this should not reflect on his commitment to the company.

Shares of Allis-Chalmers have lost 86 percent of their value in the last 12 months, hurt by a massive drop in oil and gas prices from their record highs in July last year and a generally weakening outlook for U.S. oil service companies.

[frenchee]

New P&F chart in iBox.

[Wiseman68]

had a lovely day yesterday, expecting it to take a dip back to 12 and reload option onthe table. good fortune trading

[frenchee]

Weekly charts suggesting a test of 10ish...

[frenchee]

thanks and back at ya!

[Wiseman68]

Happy new year Frenchee

[frenchee]

Allis starting to put in a base here. This is a decent spot to start accumulating Allis IMHO.

[Wiseman68]

agree that it is frenchee, had a nice little gain yesterday. good fortune trading.

Greenpicks coming in at
http://investorshub.advfn.com/boards/board.asp?board_id=5245
stop by and bring in some of your picks.

[frenchee]

ALY valuation cheap relative to its peers...

P/E Ratio: (without extraordinary items) 8.89
P/E Ratio: (with extraordinary items) 8.89
P/E Ratio vs. Industry: 50.34%

[frenchee]

Look in the new iBox.

[Wiseman68]

new to the board, anyone here in the room if so can you send me some details on this energy company