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

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: micromike who wrote (32)	7/14/1997 8:34:00 PM
From: Michael Dean	of 1571

I too have been a GEAC follower for quite some years, having gotten in at $2.55 and $3.55. It has been a great ride. Unfortunately I took some profits along the way - the last only a week ago (bad timing) - but I still have a good holding. Had I listened to Warren Buffet and held I'd be retired somewhere now. Every indication is that this is a well managed company with a disciplined approach to expanding through careful acquisition. I get scared when I see companies expanding into other non-related businesses. GEAC seems to have always resisted that. Which comes to the latest news... apparently GEAC is to make a buyback bid for up to 5% of its outstanding shares at market over the next year. This suggests to me that they are cash rich and possibly bargains are a little harder to find. Does this suggest that they may soon considering a dividend or perhaps a special dividend to distribute some of the cash? Any opinions? I'm going to hold my remaining shares for sure until I see something I don't like. mike

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next