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Alloy Steel International, Inc. Message Board

  • vl39 vl39 Dec 19, 2012 3:06 PM Flag

    2012 Results

    Alloy has made $.20/share in 2012. It has a book value of $1.09/share. It is generating $3.5M in cash flow per year and its market value is $8.5M with sales of $29M. This stock should be at $1.5 to $2 per share. What is going on?

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    • You failed to mention the Company is OUT OF CASH. Read the full financial statements, they have overdrafted by $66k. Who cares how much EPS they generated - they havent colected any of it.

      They did not generate 3.5M in cash flow - you are reading the cash flow statement wrong, they were close to break even.

      The Company is struggling and cant come to agreements with their current CEO, have slowed their expansion plans due to lack of funding, etc., etc.

      You have to discount the valuation heavily for these things - the Company is a going concern.

      Sentiment: Hold

    • Yeah, they made 20 cents versus 14 cents and the stock is only 50 cents..way undervalued IMHO...Hey! the same situation occured with SNFCA it was way undervalued, kept giving good ER's and remained undervalued until about a month or so ago, finally it caught fire and zoomed from $3 to over $10 where is is at today...same could happen here..load your truck and be patient...you will retire rich.

 
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