SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange) -- Ignore unavailable to you. Want to Upgrade?


To: Jeff Mulder who wrote (1285)12/16/1997 6:52:00 PM
From: Harry_Behemoth  Read Replies (2) | Respond to of 2841
 
Jeff-
This is an important issue to understand. Last year's .20 was essentially untaxed earnings (Canadian tax credits). This year's .20 estimate is almost fully taxed, based on a tax rate of roughly 20%. What looks like no growth is actually 20% growth in income before taxes.

Next year's 1.50 number is FULLY TAXED. This year's 1.20 is not. The actual growth based on pre-tax earnings is 40-50%.