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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange)
ECX 1.865+10.4%3:59 PM EST
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To: Sparky Beardslee who wrote (1599)2/6/1998 7:19:00 PM
From: Michael Anthony  Read Replies (1) of 2841
 
>>it appears we have all become a bit presumptuous with the $1.20 for year end. Did it occur to everyone they had to do $.37 to complete $1.20? That's quite a jump from the previous $.28 or compared with the $.25 they did last year. <<

You've been here how long? This is just occurring to you? We've been presumptuous since early 1997. That's been the main topic of conversation until the DBCO thing came along. Why do you think we're all looking for $20 this year if they meet it? It may be presumptuous to you since you just did the math, but alot of us here have been rationalizing and sweating this out for months. That's why most would be impressed with 1.18 for the year, yet like Damacles' sword, Mike's 1.20 is hovering overhead. Interestingly though, First call has est. 1997 at 1.16, but as we all know, 1.20 is the mantra and must be met. Personally, if DBCO goes well, I'll be buying on the dip if we miss 1.20. I wouldn't have before, but 2 or 3c off another 50% year is a RIDICULOUS reason to dump this stock if DBCO goes well. But, that's the street. 45% instead of 50% earnings growth will cause a sell-off.
And it's got a PE of 10!!!!! Go figure. If there is no DBCO deal and they don't do 1.20, then I will sell since those few pennies will cause everyone else to sell also. Now you can understand why everything rides on 1.20....it means we might actually earn enough respect to have a PE of 20.
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