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

To: sfh who wrote (2659)	7/8/1998 9:02:00 AM
From: Kevin Hamlin	Respond to of 2841

I was thinking about the company's statement about "not putting out earnings forecast at this time." It's kinda funny how when the company decided to state the facts/truth about the current situation, that they also went a little too far themselves in telling the truth. It IS reasonable that they need time to accurately get a grip on their earnings estimates. Some might say that they should have had that info in hand when they let the bomb drop in the past couple of days, but lets assume that info wasn't ready yet. Would you have preferred they sit on things even longer? I don't think so....at least I hope not. If I were them, I think would have withheld that statement about not being able to put out earnings estimates, or at least reworded it to something like "revised earnings estimates will be given promptly". I know its only semantics, but when people were panicking, it only added fuel to the fire. Again, stand back and try and look at things "from a distance", which admittedly is very difficult to do for some at this point. I again state that at these levels, for me this company is an easy buy. Regards, Kevin