MEE: Concerns about contract growth and pending lawsuits pushes down stock price

Concerns about contract growth and pending lawsuits pushes down stock price

MEE's stock price fell 20% after Wall Street analysts expressed doubts about Massey's ability to overcome its increasing costs and continue to find lucrative new contracts. Analysts also cited concerns about pending lawsuits against Massey for violations of the Clean Water Act, and for damages that were awarded against Massey on August 3 in a case involving contract violations.

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