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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange)
ECX 1.655-0.6%3:59 PM EST
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To: Grommit who wrote (2006)3/6/1998 1:32:00 AM
From: Czechsinthemail   of 2841
 
Grommit,

Thanks for the tax equivalent comparison. While you could view the company in terms of its 13.6x PE, the tax-advantaged situation is a definite plus in terms of its cash flow benefits.

In terms of future guidance, I got in on part of the conference call. They indicated their backlog was $245 million (Canadian or US?) compared with $155 million a year ago. I don't know how fast they run through backlog. They also mentioned that they expected their acquisitions to be accretive.

Baird
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