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Microcap & Penny Stocks : Dominion Bridge Corp. (DBCO) -- Ignore unavailable to you. Want to Upgrade?

To: dainy who wrote (402)	1/29/1998 7:29:00 PM
From: david james	Read Replies (1) \| Respond to of 535

Well, I must admit that I find your comments "interesting". You make it sound like the Evil Eco Empire was the source of all of DBCOs troubles in the last 2 years. I don't think its likely the fall from over 7 at the end of 95, to the low near 1 and the shareholder anger near the middle of last year had anything to do with Eco. In fact, it would be interesting to know exactly where this stock would be right now if Deere Park had not been brought in to buy shares. Maybe you can correct me, but I believe that some of the anger by shareholders was a result of management voting to reduce the conversion price on the options they owned. The problems mentioned by DBCO in their filing also appear to be related to poor fiscal management. Message 3191443 I agree with you that with good central management, and decent funding the subs have considerable potential. Its one of the reasons I think Eco can do well with them. I have heard from a couple sources that the most troublesome entity financially was the Lachine facility. However, I had a chance to vist the site recently and definitely was under the impression that business had picked up considerably with some major contracts. As far as Eco, I previously mentioned the releases discussing the funding that Eco had available for acquisitions. Message 3255459 I guess the following is what you consider to be hype: Earnings growth since Mike McGinnis took over as CEO revenues earnings earnings/share 1993 $7.6 mill 322,000 .07 1994 $35 mill 903,000 .15 1995 $47 mill 2,852,000 .40 1996 $120 mill 8,763,000 .81 1997est $240 mill 18,400,000 1.20 1998est $400 mill 30,000,000 1.40 + acquisitions ECGOF earnings have grown at an average of 83% the last 5 years, while the average company in the industry has grown at 11% (First Call). I believe that it currently has the highest 5 year growth rate in the industry but is currently trading at a P/E of 7.5 based on current 98 estimates. That is close to the lowest P/E of the industry. Where exactly are you suggesting that the stock should be if it is to be valued fairly from their numbers alone without any "hype"? In no way do I consider McGinnis track record to be a 'Miracle'. His five year track record is more likely related to management skills. He's done a good job with his senior management. I believe you will find that most of the Eco subsidiary Presidents have a lot of respect for McGinnis (I've talked to two). Do you think that DBCO sub presidents would say the same about their senior management? If the sub presidents are as excellent as you state, I hope they stay on if they are acquired by Eco. You have made an excellent case that there is likely to be a lot of value in DBCO if managed properly. I've owned shares in DBCO for several months now and hope I can recoup what I paid. However, if Eco's offer is accepted (whatever it is), I think the only way to realize the value will be to invest in Eco. And yes, of course, I'm heavily invested there. David