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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange)
ECX 1.915+3.0%Jan 16 3:59 PM EST

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To: Michael Anthony who wrote (1741)2/20/1998 8:22:00 AM
From: Francois H. Gaston  Read Replies (1) of 2841
 
...
I completely disagree. They have to take care of business AND PR at the same time. Not difficult to do if they had reduced their publicized growth target to a more reasonable level while spending big $ on PR. Their stock could be in the 20s now, which would allow them to approach banks, and acquisitions in a much better position than with a stock price that could revisit the single digits.
To improve PR does NOT take time. Hiring a big name company would have relieved McGinnis and Co. from having to deal with that. Just IMHO... But I think that they need big time help in that area, at American ECO... Stock could easily double because of the solid underlying business management. The more they wait the more they damage American ECO's image... not the time to do when the stockmarket reach lofty levels because ECGOF could correct very severely from this level if we hit a pothole in the stock market, this Spring...
Again, I will say that shorting ECGOF is not my ballgame at this time because the PE is low, and growth prospects for American ECO are excellent... but frustration is there. I will not hesitate to go for the jugular if the tide turns! American ECO is very vulnerable ....and so we are. American ECO is missing the boat and it is not by badmouthing another company that they will look better. Actually they might position themselves for a lawsuit... Future will tell.
Good luck All
Gaston.
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