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

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To: micromike who wrote (917)11/16/1999 9:06:00 AM
From: PlayTheKing  Read Replies (1) of 1571
 
Hi Mike,

These analysts are full of sh*t. They bloody well know that when companies merge there will always be a one time charge...there has to be. If the CFO is trying to pull a fast one on us then I'm a little worried.

I've been involved with two mergers in the past 2 years and one of the first things we had to identify were the restructuring charges.

GAC must identify all costs related to this acquistion and book it in their P&L as a restructuring charge. The biggest charges will come around redundancies and premises.

I still think that what matters most is their ability to generate increased revenues and cash flow. A savings of $90M a year is nothing to sneeze at.

I'm still long...

PlayTheKing
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