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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange)
ECX 1.790-3.8%Feb 4 3:59 PM EST

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To: Sparky Beardslee who wrote (1620)2/7/1998 4:22:00 PM
From: david james  Read Replies (2) of 2841
 
Sparky,
Sorry for the confusion. I understand now. I had always thought that Zacks was like First Call and Nelson's and just served as a service for tabulating analysts recommendations. I wasn't aware that they also provided recommendations of their own.

I know of 5 analysts providing coverage (all with strong buys, I believe), but Nelson's says there are 7. Maybe Zacks is another. And I have heard that there may be some other group out in British Columbia that follows Eco.

It will be interesting if Eco uses an investment bank to provide this $30 mill in cash needed immediately for the buyout. Maybe this is the source of the mysterious "Wall Street" coverage we've been waiting for.

David
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