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Encore Wire Pulls Back on Sterne Agee Downgrade

Posted on May 16, 2008

Shares of Encore Wire Corporation (WIRE: sentiment, chart, options) are slipping this afternoon after Sterne Agee cut the stock from hold to sell. I did some digging through the Intrawebs, but was unable to find a rationale for the downgrade (I have a personal interest in the matter, since WIRE is the latest addition to my Undiscovered Gems portfolio)...(Read More)...

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