Just my two cents, but there is a lot of excess capacity out in the world right now in manufacturing - China is expected (according to Business Week this week) to devalue their currency by October - that will only make matters worse again for steel dumping, etc. I think there will also be a pretty good market correction this fall. I would wait till later in the year and then look again. I know TKR is selling below book value, but that is based on value of plants, etc. If no one want to buy the plants (because of excess capacity) then they have less value.