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Microcap & Penny Stocks : YOUR FAVORITE INTERNET PICK..... AND WHY ?????
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To: Stock Watcher who wrote (665)1/13/1999 2:37:00 PM
From: Tommy Hicks  Read Replies (1) of 962
 
Yep, as I said on that thread, their revenues for the last three quarters have sucked. What intrigues me about ECIN is that it's a nasdaq listed stock with a market cap of $5m and shareholder equity in excess of $8m, so it's trading below book value. They're cash strong with $1.3m in cash and cash equivalents. $2.2m in treasury Bills and $1.32m in accounts receivable. They launched their high speed internet service last year that I'm trying to get information on. If this is successful, maybe they can join the rest of the "over valued" internet stocks. <g>

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