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

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

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To: micromike who wrote (793)	6/16/1999 11:50:00 PM
From: PlayTheKing	Read Replies (1) of 1571

Mike, I think the year end results will be good; or GAC's warning for not meeting expectations would have been out by now. If there is any vote of confidence...both the CFO and CEO purchased shares not so long ago. I think most analysts had high expectations for GAC, however, with Sadler leaving, no significant acquisitions were made. I think the street overreacted due to the fact that nothing was happening. I believe with Bergeron at the helm, he should do quite nicely. His track record at Sunguard is quite impressive. He better, since he has a good chunk of cash invested! I've been on a roller coaster ride with this stock for about 2 years now and expect to see it trading back to its high. The timeframe, however, is still a little cloudy. But I strongly believe they are practicing prudence by not making an acquisition just because the street wants them too. The street is a pain in the butt! They haven't a clue what to value this company at. BNS has a target of $30, too, last year $90!! The day before GAC gave their warning, they had REITERATED the fact they they fully expected GAC to meet expectations!! Goes to show what they know. JMO PlayTheKing

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