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

To: MARK BARGER who wrote (2464)	5/14/1998 4:34:00 PM
From: Czechsinthemail	Read Replies (1) \| Respond to of 2841

Mark, If the synergies of the contracts work favorably, Am Eco may do extremely well. Since they have a controlling interest in the collaboration, presumably they can run the show in a way that will work for them. Meanwhile, the recent debt rating should allow the company to refinance on more favorable terms. Not taking on DBCO removes some of the uncertainty that might have dropped the debt rating. If this contract is followed by others, the visibility of earnings should improve. My sense is that the stock has done its bottoming and may recover some of its lost ground. The psychology seems to have shifted somewhat from finding opportunities to exit to looking at the underlying value and profit opportunities at this price level. Baird