Alloy Steel Inc. (fka AYSI)

[littlefish]

The big rub though is how to convince the Kosteckis into something like a dividend? I'm guessing they look at the company as something Gene built for them and a div is just double taxation on their asset (their meaning they majority control things). They (company) already pay US taxes even though they operate out of Malaga.

As far as I know dividends r ordinary income down under which means a high tax rate on them on top of it being after corporate gains tax dollars. That's probably one reason why they don't pay divs even though they could easily pay a large recurring div with their cash flow.

I too would love to see a divi or something since they pour off a lot of cash but many have tried to reason with the family in the past over these kinds of things to no avail so far. If U look at it from their shoes I don't disagree with them saying no to a div.

Company is clearly dirt cheap (CUO about the only thing on my radar that could compare from balance sheet and potential perspective) but the history is the roadblock that I'm guessing has this largish seller giving up.

Company still continues to operate exceedingly well in an extremely roughed up iron ore mining sector. I may revisit it soon to build back more (have always had some thinking it is worth a lot more) although they're 'dark' too as far as listing.

Thanx for all the work you've done keeping people up to speed. :)