ECGOF: Anyone following this company? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : ECGOF: Anyone following this company?

ECX 1.855

-1.6%

3:06 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: david james who wrote (143)	2/21/1997 11:32:00 PM
From: Michael Anthony	of 269

My understanding is that they used up all or most of the NOL's this last quarter. This opens the door to dropping the "f". Whether they will or not is subject to debate. It is also my understanding that while each of the last 3 quarters, the float increased, earnings remained flat (that's growth since earnings didn't go down) with the help of the NOL's. Since they won't have any increases in the float for a while, the NOL's will not affect earnings forward because the CHEM acquisition will be accretive immediately upon finalization. So, we have a new CFO, drop of the "f", and CHEM to look forward to. Any of these should help the price. BTW, Tim L., I understand there is a buy rec by Cohig and Asoc. Is that what you referred to? There was no price target of $14, but it was a buy rec indeed. As to that MAJOR contract announcement being pushed back to the week of the 17th, are you sure you didn't mean March? :)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next