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

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To: dug_s who wrote (1424)9/16/2000 8:33:51 PM
From: Praxis   of 1571
 
Geac is more like a pawn shop, buy cheap from needy people and hope that the value can be realized at a later date. All they were doing is buying cash flow, although the quality of assets backing the cash flow are mediocre and beat up. They don't spend enough on R&D to keep their products current so they're on a treadmill and the speed is slowly increasing. They do have some interesting assets and there would be a good fit with a lot of larger software firms, this is the only factor that made me a buyer of the stock in the last month. I think fair value is about $16-18
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