Alloy Steel Inc. (fka AYSI)

[Rawnoc]

Fair enough. But unless this thing gets a buyout I'm afraid it's going to over time slowly drift down to, at best, a very very tiny PE ratio. Add to that the lumpy quarters so the E part of the PE isn't even reliable, and you get an even smaller PE.

Nothing wrong with lumpy quarters unless you are a company that shareholders can't even rely on to give earnings releases in any form until long after the fact. This is going to trade like a China stock even if everything is 100% legit. There's plenty of legit China stocks too. I think there's far better plays out there with much more potential and much less risk.