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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: Kevin Hamlin who wrote (2642)7/8/1998 3:30:00 AM
From: Czechsinthemail   of 2841
 
Kevin,

I'm not sure that your argument that the company is in better shape now than in the past will float. Look back to the last company earnings announcement. You'll see many people were maintaining that since the bad news was out the company was a bargain. There is a major credibility problem. Either management is dishonest or inept, but neither of these inspires much confidence. It is hard to have confidence that management is doing what it takes to solve the problems when they effectively say, "We don't know what's going on; we'll have to look into it."
Baird
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