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Technology Stocks : Stock Swap
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To: p. webster who wrote (889)2/27/1997 12:55:00 AM
From: david james   of 17305
 
- You might want to watch ECGOF over the next couple days. They are in the midst
of finishing a deal in which they will merge with CHEM. If this goes through
tomorrow, which is likely but not a definite, then the company will be on its
way to making $1.20 or more in 1997.

- This company has grown at an average of around 85% per year for the last
five years and the CEO is confident they will grow at 70% for the next three
years and have revenues of a $1 billion by 1997. The company currently has
a P/E of 10 even though the average for the industry is around 20 and the average
growth for companies in the industry is around 15%.

- That is, they are growing about 5 times the industry average and have half the P/E.

- Giving them a P/E of 30 with that 50% growth would give them a price of
36 by the end of 1997 and they currently trade under 8 1/2.

- Their business is industrial waste clean up.

For a nice summary of the history of the company and CEO, check here.

techstocks.com

Dave

P.S. I am obviously biased - this is by far my largest holding
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