Alloy Steel International: Weak Hands Sell The Headline To Their Detriment
- AYSI Q3 earnings of 2.2 cents/share disappointed investors recently.
- The stock is currently down 27% from its pre-earnings price of $1.77.
- By normalizing the tax rate and excluding the effects of currency hedging, I show how the quarter was better than its headline.
- I believe that the 27% sell-off in the wake of these earnings has re-presented a very attractive entry point into a company with substantial upside.