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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange)
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To: Jimbo Cobb who wrote (2301)3/30/1998 5:33:00 PM
From: david james   of 2841
 
After the close today, I talked to Doug Cooper, the analyst for Groome Capital. Sounds like they are VERY bullish on the company. Said he though the reversal today was a very good sign, technically. They will be putting out an estimate of $1.05 for 1998 and $1.30 for 98 with no acquisitions. He argues that since that would be fully taxed earnings, that estimate represents growth of greater than 30% and that Eco should receive a P/E of 15 to 20. He sees know reason that Eco shouldn't be receiving P/Es like their peers that are growing much slower rates. He was going to run his numbers by Tobecksen before putting out those numbers. I didn't ask, but I assume they still rate it a strong buy.

Sounds like HJ Meyers is putting out an estimate of $1.50 for 1998 and $2.07 for 1999. Haven't seen the rec, but certainly sounds like a strong buy with those sorts of numbers.

Presidential still has it a strong buy if we accept what has been said on Yahoo. They are still promoting Eco on their radio show.

I'm hoping to see a Cohig report out shortly, but I hear they are still strong supporters of the stock.

I'm not sure whether Meyerson is still following the company.

I noticed a few small blocks after the close trading at 9 1/16

David
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