Thursday, August 7, 2008
Alloy Steel International Reports
Weaker than expected earnings for the June quarter (Alloy Steel's 10QSB). By "expected", I'm referring to the expectations of the investors who follow the stock on message boards. There is no analyst coverage, and the company hasn't given any revenue or earnings guidance. The share price will probably drop significantly today. Once I get a feel for where the bottom is, I may put in a limit order to buy more. I remain bullish on the business and its prospects, for the same reasons I cited in this post.