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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange)
ECX 1.6700.0%Feb 6 9:30 AM EST
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To: Sparky Beardslee who wrote (1599)2/6/1998 9:45:00 PM
From: david james  Read Replies (1) of 2841
 
The growth expected this quarter, over last years 4th quarter is even greater than you mention.

Last year, 4th quarter, they had earnings of $2.5 million on around 12 million shares and reported earnings of $0.20/share.

This quarter we are expecting earnings of about $7 mill shares on about 19 mill shares and expect earnings of $0.37 /share

That is growth of 87% in earnings/share and a growth of about 180% in earnings over 4th quarter 96.

And the stock is currently trading at a P/E of 8.5 on 1998 estimates.

Also notice that the Zachs has the estimate of Eco at $1.06 for 1997. So $1.20 is going to blow away those mistaken estimates.

quote.yahoo.com

Also, once earnings are reported, Eco will have postive earnings for the past five years and will then appear on tables showing 5 year growth rates such as that shown here.

207.226.179.205

The $1.20 should give them a 5 year earnings growth rate of about 80%. Which should make them the highest in the industry and almost twice as high as their nearest competitor. On the above link, one can see that their earnings growth of 39% last quarter was the 7th highest in the industry.

As has been mentioned before, they will have the highest 5 year growth rate in the industry and nearly the lowest P/E of the Industry.

David
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