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

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

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To: Jimbo Cobb who wrote (2391)	4/16/1998 10:25:00 AM
From: Grommit	Read Replies (1) of 2841

Half the people are buying. ------ One last thought. I suspect that Mike dreaded admitting that the company was going to have earnings of .70 to .80 How can he call it a strong year? Michael E. McGinnis, President & CEO of American Eco stated, ''With a record backlog of US$245.0 million, American Eco expects 1998 to be a strong year of approximately US$0.70 to US$0.80 per share fully taxed" I speculate that he stretched the projected numbers to the limit to be able to say "up to 80 cents" because he have much rather said "up to .90 or 1.20 or whatever". I betcha that more bad news will follow in future quarters. Just my guess.

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