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

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

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To: Doug who wrote (949)	12/17/1999 11:33:00 PM
From: micromike	Read Replies (1) of 1571

I just listened to it. My observations of the call. 1. The analyst were worried about the Accounts payable and accrued liabilities of 319 Mil. I think they have 20 Mil factored in for non payment from unhappy JBA customers. They didn't like some of JBA contracts so they will have to try and fix them which could account for some of this money. 2. They were worried about the Accounts receivable of 191 Mil. They said that some accounts were past 90 days due to the fact that some JBA customers were unhappy and if Geac could fix the problems they could get paid but Bergeron said it will take time. 3. They didn't get much direction on how the future quarter is going to be. I think Bergeron was being very conservative. Over all I thought that maybe JBA was in worse shape then they thought and it could take more time to fix them. I did like the part when Bergeron said that Geac is the only company that made money this past year when all the other similar companies were in the red due to the Y2K issue. IMHO I think that they were very conservative and this is why the stock is not moving up. I guess being conservative should reduce the downside risk and chase the day traders out of the stock. JMHO Mike

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