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Michael Alexander

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  • Alloy Steel's Disruptive Technology Leads to Record Growth [View article]
    The company trades on the otc in the US rather than in AU. Historically they put out little information outside of the Q's and K's. Over the last 3 or 4 months they have gotten the message about shareholder communication and have put out more info including an early release of Q1 numbers along with things like the BHP contract announcement. As far as revenues the last 2 quarters revenues exceed all of the last fiscal year. The decrease you are seeing is likely fiscal 09 vs 08 when the company got slammed by the downturn.

    MSN is likely not including more recent earnings numbers which given the BHP contract and capacity expansion are IMO much more relevant.
    Feb 15 11:16 AM | 1 Like Like |Link to Comment
  • Alloy Steel's Disruptive Technology Leads to Record Growth [View article]
    Disclosure should read "Long AYSI"
    Feb 15 10:07 AM | 1 Like Like |Link to Comment
  • Alloy Steel International: Explosive Growth at a Reasonable Price [View article]
    A couple of comments

    First I attribute the drop in share price after last Q to disappointed speculators who jumped in after a blockbuster Q4 where everything from sales to margins clicked perfectly. The stock had a near 100% runup into that report so it wasn't a suprise to see it lose some.
    One thing to keep in mind is especially in terms of gross margin there can be some significant variations from quarter to quarter for AYSI.

    As a previous poster noted since this article was written the company announced the expansion of their facility to include a second mill. This was news I had been expecting and it validates the growth thesis. I think this likely more than doubles their capacity. I think it will be awhile before 2 mills are running at full bore but assuming they get to that point there should be enormously higher earnings flowing to the bottom line.

    As far as how I found out about the company its just a matter of bleary eyed reading of quarterly reports until something interesting pops up.
    Feb 27 01:01 PM | Likes Like |Link to Comment
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