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 (825)	7/19/1999 9:23:00 PM
From: PlayTheKing	Read Replies (1) of 1571

We should all expect some sort of retraction in the next few days as the stock has escalated too much, too fast. The analysts seem to be very cautious in their estimate. I guess they have learned to be just as conservative as GEAC has been. IMHO, I think the stock should be trading around $50, this being based on a 20X multiple using the base of $2.60/share. Prior to the Asian crisis fiasco and the news around Sadler, the stock was trading at those multiples. I believe that nothing much has changed in the fundamentals of this company. In fact, things have gotten better in the last few months. We shall see!! PlayTheKing

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