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

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

ECX 1.855

-1.3%

Jan 15 3:59 PM EST

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To: david james who wrote (1818)	2/28/1998 2:21:00 PM
From: Harry_Behemoth	Read Replies (1) of 2841

So POTENTIALLY we may see $2 THIS year if DBCO contributes somewhat to the bottom line (assuming of course that the deal goes thru)? That would give us a share price of $22 at current PE, which by all sensible measures is WAY too low. I don't understand at all DBCO's current stock price. I find Eco's offer particularly satisfying. If DBCO is truly worth $3/share or more, it should impact Eco's bottom line sooner rather than later, hence we should see > $15/share reasonably soon. Then DBCO shareholders can reap their 50% (or more if Eco share price exceeds $15) relatively quickly. In this case Eco would probably buy the paper back. If DBCO's problems require more time to cure, DBCO shareholders may have to wait to see their $3. McGinnis seems to have gone to great lengths to minimize the number of new shares to issue. Management watching out for shareholders...

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