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Author: nowandzen Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 62  
Subject: Down again Date: 9/7/1999 9:17 PM
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ECIL just seems to keep going down, yet it is hard to find out why. I know there is the concern over the Tadiran acquisition, but that seems like old news that should have been fully taken into account in the stock price by now. On Aug. 16, Lehman Brothers lowered its EPS estimate, but maintained a "1-Buy" recommendation for ECIL.

Lehman Brothers stated, "The good news is that all these issues [related to the acquisition] are, in our opinion, temporary in nature and some are close to being resolved." The company was trading at a price-to-earnings ratio of 12.3 times 1999 Lehman's estimated earnings and 10.3 times estimated 2000 earnings.

Does anyone have any knowledge about what is going on with this stock? I generally buy and hold for a long time, but I'm wondering if this is just a dog that I should kick off the porch.


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