GEAC.....Canadian best kept secret Message Board

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Gold/Mining/Energy : GEAC.....Canadian best kept secret

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To: AChan who wrote (789)	6/12/1999 4:38:00 PM
From: micromike	of 1571

Sellers are dumb. Well they were pretty smart on Geac when they bailed out when it was $60. From my experience the sellers are usually right 19 times out of 20. With P/E like this, what should be a fair price? P/E is a measure of future growth. Look at those internet stocks. The street thinks Geac is not going to grow like it has in the past so it's getting a low PE. If Geac can turn the cash on hand into EPS or continue to grow by selling its products then maybe the street will give it a higher PE. Hopefully when the Y2K problem is over Geac might get a higher P/E. Considering the major markets are swinging in value it sure looks like Geac is in a very slow upward move over the last three weeks except for the Wednesday - Thursday blip. I've come to the conclusion that maybe the street is warming up to them. If I'm correct we should see the same slow upward movement next week. HSBC passed a 250k block on Friday at $26.50. JMHO Mike

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