Daniel Sermersheim

Alloy Steel International: Explosive Growth at a Reasonable Price

Though I am not the author of the article, I think I can explain the decline. The stock dropped on earnings news. This was an ill conceived sell off by investors. The selloff was due to lackluster earnings growth on the bottom line. This lack of growth is due entirely to the fact the company had to pain income taxes in this year's first quarter, where as in the previous year there were no income taxes. In the long run the sellers are going to miss out, but in the short run they'll remember the lackluster earnings growth and stay away.