Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: Frederick Langford who wrote (1978)	3/5/1998 5:27:00 PM
From: Carl Santavicca	Respond to of 2841

Lesson's learned with this one. Take the rose colored glasses off because the street is smarter. I guess the quick hit would have been nice, now I will just hold it for awhile.

To: Frederick Langford who wrote (1978)	3/5/1998 5:29:00 PM
From: david james	Read Replies (2) \| Respond to of 2841

Finally Mike said Increased revenues by 89% Increased pre tax earnings by 142% Increased basic earnings/share by 33% Based on the numbers alone - we should go up tomorrow - but of course, we will go down because of the expectations that they gave us. David

To: Frederick Langford who wrote (1978)	3/5/1998 5:29:00 PM
From: Hunter Vann	Respond to of 2841

Did Mike or anyone else come out and say specifically that American Eco will make $1.20?(seriously, I'm not sure). I was under the impression that they simply stated, "they were comfortable with the estimates." Intel, just 6-8 weeks ago said that revenue was probably going to be flat in the 1st quarter of '98. Well, they revised that statement yesterday, as I'm sure you're well aware. Did they lie? Not sure. Was it an honest mistake? Not sure...

To: Frederick Langford who wrote (1978)	3/5/1998 5:34:00 PM
From: Raymond James Norris	Respond to of 2841

Hunter, They lied, how could you have known that? I think he's referring to the stock action as of late being not as glorious as it could be. As for them lying, no they didnt. I was very disappointed that 1.20 was not met but they never "lied" and this talk about lawsuits is inane. No one here can produce a written form or recorded message where Mike or management said 1.20 would be met. All we have are these "comfortable" levels and "grins on their faces" talk - all of which is perfectly legal in this free market system. How will the stock react? Probably like everyone here predicted. It's going to get hit tomorrow. Hopefully it'll recover towards the end of the day but there's no question the stock price won't come out unscathed. What I find very disturbing is not that the stock will go down but the company remains undervalued. Regardless of how you trade/invest in this stock, this company is still far below its industry averages and peers. If you don't plan to hold this one longer than "long term," then you probably shouldn't be in it. We still have triple digit growth in EPS, Revenues, and Earnings before Taxes, Depreciation, etc. Triple digit growth isn't bad, it just wasnt as high as most were expecting. Granted, the stock will fall, but it still remains undervalued. At one point in time, I can assure you its p/e will come into line with its industry. When that day will be? I have no idea. I only know I'll be a very happy camper then.... Conservatively Yours, Raymond J. Norris