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

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To: BILLYJEANNE who wrote (2460)5/14/1998 8:53:00 AM
From: MARK BARGER  Read Replies (1) of 2841
 
Billyjeanne, I think you meant to post your message to someone else.
I agree with you that it was borderline incompetence/unethical (I don't know which) to guide investors to the $1.20 mark and then come up so short without a prewarning. I have ong since beleived McGinnis was in over his head especially with Norris at his side.

But I do think Mike has learned from his mistakes and has gotten Norris basically out of the loop. I think Norris was used to talking his way out of problems and was never much of a number cruncher. A company with so many different subs. has a critical need for a competent CFO to stay on top of the financials. Heck, Norris didn't even have a copy of the financials at the last conf. call.

My view is that all the bad news is basically priced into the stock and we can pretty much only go up from here. Business is pretty decent and if they can get the margins back up and not pull off any overambitious or stupid deals we should be back in double digits by the end of the year.

All IMO

Mark
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