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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange) -- Ignore unavailable to you. Want to Upgrade?

To: Sparky Beardslee who wrote (1599)	2/6/1998 7:19:00 PM
From: Michael Anthony	Read Replies (1) \| Respond to of 2841

>>it appears we have all become a bit presumptuous with the $1.20 for year end. Did it occur to everyone they had to do $.37 to complete $1.20? That's quite a jump from the previous $.28 or compared with the $.25 they did last year. << You've been here how long? This is just occurring to you? We've been presumptuous since early 1997. That's been the main topic of conversation until the DBCO thing came along. Why do you think we're all looking for $20 this year if they meet it? It may be presumptuous to you since you just did the math, but alot of us here have been rationalizing and sweating this out for months. That's why most would be impressed with 1.18 for the year, yet like Damacles' sword, Mike's 1.20 is hovering overhead. Interestingly though, First call has est. 1997 at 1.16, but as we all know, 1.20 is the mantra and must be met. Personally, if DBCO goes well, I'll be buying on the dip if we miss 1.20. I wouldn't have before, but 2 or 3c off another 50% year is a RIDICULOUS reason to dump this stock if DBCO goes well. But, that's the street. 45% instead of 50% earnings growth will cause a sell-off. And it's got a PE of 10!!!!! Go figure. If there is no DBCO deal and they don't do 1.20, then I will sell since those few pennies will cause everyone else to sell also. Now you can understand why everything rides on 1.20....it means we might actually earn enough respect to have a PE of 20.

To: Sparky Beardslee who wrote (1599)	2/6/1998 9:45:00 PM
From: david james	Read Replies (1) \| Respond to of 2841

The growth expected this quarter, over last years 4th quarter is even greater than you mention. Last year, 4th quarter, they had earnings of $2.5 million on around 12 million shares and reported earnings of $0.20/share. This quarter we are expecting earnings of about $7 mill shares on about 19 mill shares and expect earnings of $0.37 /share That is growth of 87% in earnings/share and a growth of about 180% in earnings over 4th quarter 96. And the stock is currently trading at a P/E of 8.5 on 1998 estimates. Also notice that the Zachs has the estimate of Eco at $1.06 for 1997. So $1.20 is going to blow away those mistaken estimates. quote.yahoo.com Also, once earnings are reported, Eco will have postive earnings for the past five years and will then appear on tables showing 5 year growth rates such as that shown here. 207.226.179.205 The $1.20 should give them a 5 year earnings growth rate of about 80%. Which should make them the highest in the industry and almost twice as high as their nearest competitor. On the above link, one can see that their earnings growth of 39% last quarter was the 7th highest in the industry. As has been mentioned before, they will have the highest 5 year growth rate in the industry and nearly the lowest P/E of the Industry. David