I recently discovered a new company (2009) via Midcurrent, dubbed Allen Fly Fishing. They are making some nice stuff at very affordable prices for the more economical fly fishing enthusiast. The trout series reels above MSRP is $110-$115.

Their big game reel, Alpha II MSRP is $139-$145.

…Our dependable carbon disc drag system has been redesigned, and given increased stopping power with our new twin carbon disc drag system. The spool and frame have been thickened and strengthened to stand up to the punishing torque put on the frame during those epic battles!  And to top it all off, the frame and spool are machined from bar stock aluminum and stainless steel; allowing this already outstanding looking reel to have a high polished, scratch-resistant finish…

They also carry a line of affordable rods, nets, lines, fly boxes, and fly hooks/beads.

Check them out at Allen Fly Fishing.