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

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

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To: PlayTheKing who wrote (813)	7/13/1999 10:48:00 PM
From: Fun-da-Mental#1	Read Replies (3) of 1571

Re time to bail, yes I meant short term. My order is already placed to sell tomorrow morning. But long-term I think writedowns are great. Sometimes they are a bad omen because they show the company made poor investments, but otherwise writedowns just serve to set them up for better profits in the future. I suppose I should buy in again before the next quarterly report. Geac reminds me a bit of Glenayre (GEMS - Nasdaq), a pager manufacturer. Glenayre isn't as strong a company as Geac, but still I think the market's overreacted to writedowns and short-term problems there. Fun-da-Mental

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