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

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

ECX 1.930

-9.0%

Dec 8 3:59 PM EST

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To: Hawkmoon who wrote (2750)	11/9/1998 8:04:00 PM
From: WhySoSoon	Read Replies (1) of 2841

sure. it has a big share of problems. otherwise, it won't trade in $2 per share. still have to wait for next quarter result, i.e. annual report, to figure out the cash flow situation. However, the current ratio (from last AR) is 2.23 and the cash flow per share (from last AR) is $1.26 (I assume it will deplete somehow), but... i do think the market has already discounted all these. Don't think it will trade substantially higher because of year-end tax loss situation. People holding this dog will sell for a loss to offset gains. Therefore, as far as i see, the trading pattern should be sideways and the stock price held up very well despite adversity. I say there are also willing bargain hunters. Keep in mind the Price to book is now less than half and the Price to Sales is about 0.2. Both of them are all time low for Eco. It is a good bet if you have the patience. In physics, there is something called terminal velocity and I personally think Eco is very close to that terminal velocity from the free fall.

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