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

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

ECX 1.670

-1.8%

Dec 12 9:30 AM EST

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To: david james who wrote (2611)	7/8/1998 3:03:00 AM
From: Czechsinthemail	of 2841

David, Concerning book value at $5.29, how much of that represents intangibles? The problem with assuming a high book value is that the subsequent write-offs of intangibles erode it away. What is tangible book value for the company at this point? I'm also a bit concerned about the inability to forecast for the rest of the year. It sounds a bit like, "This is such a sprawling conglomerate, nobody here knows for sure what's going on. We think it's high time we start checking it out." It just doesn't inspire confidence that management has a good grip on the reins. Baird

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