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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 (2729)	9/16/1998 1:21:00 PM
From: JimieA	Respond to of 2841

I hope this is a nice entry point since I just bought some. Eco does have potential. Price/Sales of .21 Price to Book of .41 Price to Earnings < 10 Cash of $37M, although debt is high. But you know this. I still expect a large write off as new management reorganizes operations. I just this does not scare off new investors. They are in the best position to buy Davie. At a bargain price I hope. Additional backlog of $350M ($17/share) would look real nice. Hope you make the right decision. I hope I did, too!