American Eco (ECGOF, ECX on Toronto exchange) Message Board

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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange)

ECX 1.655

-0.6%

Dec 23 3:59 PM EST

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To: Hunter Vann who wrote (2051)	3/6/1998 11:48:00 AM
From: David McCleary	Read Replies (1) of 2841

Sure is a relief to see a POSITIVE earnings suprise out of ECGOF after all the recent dissapointments from other companies. Analyst estimates for the year were $1.06, ECGOF came in with $1.08. With another 30% earnings growth expected this year, that puts their PEG ratio at only 0.3 (P/E 10/30% growth)!! That means this company, to have a fair valuation of a PEG=1, is worth $32! (30% projected growth X earnings per share of 1.08) Most fast growing company's PEG is well above 1, so $32 is a consevative valuation. I think many mistakenly took the $1.20 rumor as analyst expectations and got scared when they saw 1.08 which in fact was a positive suprise. Dave

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