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

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To: robnhood who wrote (1414)9/12/2000 8:51:06 PM
From: micromike  Read Replies (1) of 1571
 
FWIW the CC was very up beat and definitely more encouraging than the last one. Same old story-- they have the products they have the customer base but they don't know when the customers are going to start spending. They don't plan on cutting the work force just because a quarter or two the sales have been slow. The big question is when are the exisisting cutomers going to start spending. If the cutomers start spending I would expect the insiders to start buying this baby one of these days and by the way the stock is trading they haven't started yet.

One person asked them about JBA rev and they said it was about 60 mil. They also said don't count them out to generate 400 mil for the year so from that I'm expecting JBA to pick up the pace in generating Rev.

I'm gussing but I think they are about to sell two large division if the price is right and with the cash I'm guessing they are planning to buy some other companies but nothing like the size of JBA. They still have access to 210 million if they want it or not.

JMHO
Mike
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