Alloy Steel Inc. (fka AYSI)

[RMIWA]

A blowout would have been nice, but the information today does confirm that AYSI is doing fine. Hopefully the 10Q will speak to the 3rd mill and if mill costs reduced profits for this quarter, that is an excellent investment for the future. If super-acro demand is truly growing, a third mill starting up in this quarter will bode very well for the rest of this year and the current price will be a steal. Since AYSI is my largest holding, I doubt I will buy more, but I am comfortable that the current orders pending production will make for a nice ongoing quarter(especially since those orders are as of one month in to the current quarter). The AYSI story continues to evolve nicely in my opinion.

Mat