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

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

ECX 1.670

-6.7%

Feb 5 3:59 PM EST

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To: Sparky Beardslee who wrote (1610)	2/7/1998 10:33:00 AM
From: david james	Read Replies (2) of 2841

Sparky, I'm a bit confused by your comment that Zacks has increased its rating on Eco and has no estimate for the year. quote.yahoo.com I believe this info comes from Zacks, and shows that $1.06 yearly estimate. They also show the two strong buys that have been there for a while. Is there a different version of Zacks somewhere? I agree with you with regards to your comments that its likely that a lot of the recent movement is related to DBCO. I believe the uncertainty is keeping a lid on the typical run towards earnings - especially earnings with the incredible growth expected. What people want to see is that the DBCO buyout (if it happens) will not slow the expected growth into 1998 and 1999. In Eco's last acquisition (Chempower), the use of floorless convertible debentures was damaging in the short term. McGinnis will NOT use this method again, but I believe a lot of potential investors want to see that for certain. The movement on Friday morning was quite interesting. The spread was bouncing all over before the open and moved up to 12 1/8 on volume of only 5k. I think the potential of the DBCO announcement was the cause of this and it faded back when no announcement came. I think this suggests that we are likely to see some major buying come in once it is announced - hopefully next week. I think all this press in the Financial Post is certainly putting a lot of eyes on this acquisition. If its done right, we are off to the races. $93 mill? Hmmmm. I wonder if that includes the Sanda cash and added shares. David

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