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

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

ECX 1.600

-5.1%

Dec 15 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jim Langdon who wrote (2621)	7/7/1998 12:23:00 PM
From: David Tashima	of 2841

Book value = $3.75 Subtract off goodwill, write off 50% of the 'investments' (which is precisely what I'm doing right now), and you come out to about $3.75. This is not totally unreasonable - what evidence do we have that they will make money this year? Next year? In 10 years? I'd put more faith in Yahoo in the next 10 years than eco. Think about it this way: do we have more evidence that Eco will make money next year than we did last year? Not really... last year, if you had polled the thread asking for guesses on how much eco would make for the first 6 months of this year, how many people would have said $0.03? Now, with that in mind, what if eco makes $0.10 this year, and $0.20 next year. Is $3.75 unreasonable? Not at all. A PE in the mid 30's, and extremely uncertain growth. -Dave

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next