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

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

ECX 1.690

0.0%

3:56 PM EST

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To: cincy bearcat who wrote (2561)	6/24/1998 1:14:00 AM
From: Hawkmoon	Read Replies (2) of 2841

What is holding this stock down compared to the rest of the industry. If I knew the answer to that one, I wouldn't feel so frustrated with the current stock performance. Earnings out on the 6th and apparently no analysts have made any projections as of yet. The company claims to be working with these analysts in helping them develop their analytical models with reasonable expectations. Basically, there is no official word on the street out there about how we should be doing this quarter and what the earnings target is. But with the drill-rig contract, I think it is safe to say that the best is yet ahead and we should AT LEAST be able to safely justify $10-12/share even if we maintain the conservatism of an Alan Greenspan with earnings projections and avoidance of "irrational exhuberance". But all of the technical models show that accumulation is taking place. IBD rates the Acc/Dis a "B", with 79 EPS strength and 15 stock strength. That tells me we have an undervalued stock here and someone needs to get the message within the institutional arena. Regards, Ron

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