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

To: B Pos who wrote (2630)	7/7/1998 1:04:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 2841

There we go... and the backlog has increased tremendously so I still feel that the next 12-18 months going forward will certainly see a return to profitability to at least 1/2 the levels we are currently seeing. Booking $100 million with 20-30% margin over the next 12-18 months is nothing to sneeze at. And since the Sable Island project has the backing of the Canadian gov't, I don't see a reason not to expect this source of revenue or eanings to be in question. But let's face it, not having MM Industra actively working in May certainly impacted earnings significantly. But with this project, I don't see reason for a re-occurence of this idleness. And $345 million dollars in revenue over the next 12 months @ 10% margin (sheer WAG) would net $34.5 million in income/earnings. Don't think I'm wrong here... anyone else care to pipe in. (Still waiting for IR to call me back.) Regards, Ron

To: B Pos who wrote (2630)	7/7/1998 1:28:00 PM
From: Hawkmoon	Respond to of 2841

And as an addendum, I spoke with one of the IR types and she confirmed that knew of several other individuals at the company that were buying stock. She would not confirm that officers were buying stock, but neither was she doubtful this this was probably going on. Look for Form 4's to be filed in the near future. One issue speculatively on the table seems to be bringing in an outside management consultant, such as an Arthur Andersen, to assist. But that is only speculation. But if I have my say, it had better happen in order to restore confidence that action is being taken. (PR folks said that Mr. McGinnis is VERY SERIOUS about cleaning up this issue, and is open to all suggestions.) Conference call can be heard at 1800-377-4865. Regards, Ron

To: B Pos who wrote (2630)	7/7/1998 1:47:00 PM
From: JimieA	Respond to of 2841

"While earnings are always the focus, it should not be overlooked that revenues did actually increase in this bad quarter" When we focus on either earnings or revenues, it should be on EPS or revenues per share. Since we are evaluating shares of stock to either buy or sell. Revenues did increase from $56.362M to $59.461M or 5.5% but shares increased from 14,816,802 to 20,604,111 or 39.1% So Revenues per Share went from $3.80 to $2.89 or down 24% Also, remember that Eco did have revenues of $70.703M in their 11/97 quarter. Jim