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

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To: Tom W. who wrote (1375)9/5/2000 7:36:47 PM
From: Ally  Read Replies (1) of 1571
 
Tom,

We're all here. Been quiet cause we've loaded up at the low and simply waiting for Geac's rich assets to be realized by the market. As I've mentioned in my previous posts, despite the company having reported last quarter below analysts expectations, the reality is that the stock price was too cheap in relation to its real market value (see past posts on market valuation). With today's announcement, the market suddenly woke up to realize that if sold, the total company can fetch much higher than the stock price. The estimate is that it could realistically fetch $18 to $20 on the low end, and up to $28 in the high end. At today's closing price $12.75, it is still inexpensive, with room for further appreciation.
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