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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 (2607)7/6/1998 6:09:00 PM
From: JimieA  Respond to of 2841
 
Nice to see that you can still give this company a positive spin.

Eco loses $107k before taxes and $2.4M non recurring charge.

I see continuing problems.

with McGinnis saying
"We are currently undergoing a division-by-division review of all our operations and overhead expenses. A main strategic priority is to concentrate on higher margin specialty fabrication services."

Could easily read "Look out for future sales, closures, spin-offs of our losing industrial service business. Including write off's of the goodwill we previously recorded."




To: david james who wrote (2607)7/6/1998 6:23:00 PM
From: David Tashima  Read Replies (1) | Respond to of 2841
 
Loss includes 2.4 mill one time charge (11 to 12 cents?) from extinguishing of the debt

What does this mean, exactly? I find it extremely disturbing that they didn't really talk about it... maybe I didn't read it carefully enough.

Have you heard anything from IR?
-Tash


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