Alloy Steel Inc. (fka AYSI)

[DaveinHackensack]

Agreed. This quarter was definitely disappointing, but one more quarter of positive earnings and this will start popping up on the screens of investors who screen for ttm numbers. A 10x multiple would probably be reasonable then, given the lack of confidence in the growth story. If the market tanks between now and then, that multiple will probably drop to the high single digits though. Even so, this should be worth closer to $2 per share than $1.

The lack of communication from the company helps explain the current share price.

If the company puts together a couple sequentially larger record quarters, then it would warrant a bigger multiple at that point.