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Gold/Mining/Energy : GEAC.....Canadian best kept secret
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To: Doug who wrote (1132)3/11/2000 10:25:00 AM
From: micromike  Read Replies (2) of 1571
 
the Street has spoken

WRONG

The day traders have spoken.

Here's why I still like the company. I still see big potential.

70 mil to reduce debt. That's good cash flow in my books.

51 mil in cash plus 200 mil bank financing for future acquisition.

They see software opportunities opening up even though the Y2K hangover is still around.

If they can convert JBA into the Geac model were they generate the bulk of their earnings from maintenance contracts then they do have major potential to make big bucks.

JBA was break even this quarter. Next quarter they should be contributing to the bottom line.

They have some timed announcement coming out in the next 6 weeks or so which could kick start the stock.

My guess is that this year they will list with the NASDAQ. I'm guessing they are cleaning up the books with the cash flow so they can comply with US GAAP. I'm hoping after two quarters they list but that's just a guess.

IBM alliance looks very promising.

Spin Off Internet Realty Unit looks very promising.

Now you tell me why you don't see a bright future for them other than you don't like their accounting practices.

IF Burgeron wanted to pull the wool over your eyes he could have booked signed contracts as revenue but he waits till the cash hits the account before he records it as revenue.

JMHO
Mike
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