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

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

ECX 1.655

-0.6%

Dec 23 3:59 PM EST

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To: MARK BARGER who wrote (2005)	3/5/1998 6:51:00 PM
From: Grommit	Read Replies (1) of 2841

I would appreciate a post outlining the call from whoever. I was thinking that I would like to hear what guidance they were giving for 1998, but then I caught myself. Here is what I show as 1996 and 1997 Earnings. I restated both years with a 35% tax rate so that any 1998 estimates could be more easily compared. If anyone knows how to get a handle on 1998, please post it. I figure DBCO adds 6.2 million shares. 1996 1997 1998 Revenue 119.5 220.0 Earnings Before Taxes 8.0 19.3 Taxes at 35% 2.8 6.8 Pro Forma Earnings After Tax 5.2 12.5 # Shares 10.8 16.2 22.4 EPS 0.48 0.77 This is a .77 EPS company. The extra to get 1.08 is windfall. PE is therefore 13.6

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