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

To: david james who wrote (1822)	3/1/1998 7:08:00 PM
From: MARK BARGER	Respond to of 2841

Well, tomorrow's the big day. A big day for all ECGOF shareholders that we've been looking forward to for months. I have no idea what the number will be. We may hit .37 on the head. My guess is .37, with .36 fully diluted. I think unless we have a >.40 blow out or a <.35 miss Monday may be a yawner. It's obvious from the %50+ growth rate, yet P/E of 9 on LAST year's earnings that ECGOF is so underfollowed and underanalyzed. For whatever reason, this stock has yet to catch on with the institutions. I think that as the new coverage kicks in within the month, ECGOF will be shown to some stronger players who will show some interest in our little gem. The market reaction to the earnings may be a nonevent tomorrow. I think the key for me is the conf. call to hear Mike's plan for '98. I hope he addresses SRS's expanding international presence and MM Industra's prospects with the Sable and Terra Nova projects. I'm sure they will be asked about the operating margins for '97 and what they look like for '98 with DBCO, and with SRS and MM Industra (higher margin outfits) contributing higher percentage of the revenues. Another critical point they kind of brushed over last conf. call is the internal growth of the businesses. I think the conf. call may affect the stock price more than the earnings release. Cindy told me last week that they felt it was critical to schedule the conf. call as close as possible to the earnings release. So, probably tomorrow afternoon would be a good guess. I'll post the info. to tune in as soon as I get it (others please too if you beat me too it). But, the reason for my post is that we may still kind of sit tomorrow if we come in at "only" .37 . I hope to be surprised with a huge run up but I don't look for it. If we hit .34-.35 I don't see much of a drop either. I think ECGOF is still just relatively undiscovered and won't command a lot of attention unless the numbers are way off of .37 either way. But, I do also think that if Mike keeps doing the outstanding job he is doing running our companies lean and mean, and with prudent acquisitions, that by year end we will 20+. I am still loaded to the gills with 90% of my stock portfolio in ECGOF. I'm a firm believer in putting all your eggs in just a few strong baskets and watching the hell out of those baskets. Good luck to all! I am looking for a good night's sleep on Mon. night as tonight I'll be like kid on Christmas Eve! Mark