BM> This is a good example of the dangers of accepting common ratios (PE, 
 BM> Div Yield) at face value.  In extreme cases, 
 BM> spectacular ratios probably
 BM> mean the company is about to go belly up.  I am not saying that Heat 
 BM> Exchangers is in that category - I don't follow the company.

I have no immediate plans of investing in this company, I was
just wondering if anyone had hard information of something wrong
with it. 
 
HEI is a new company and does a lot of it's business overseas, so
it's _possible_ that the small business aspect and lack of 
information have coloured the market's perception. 
 
Speaking hypothetically, even if the price and earnings fall
somewhat, these companies can be worthwhile earnings investments.
 
Thanks for the reply.
 
LM.

--- Maximus/2 2.02