GEAC - A New Era? Message Board

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Gold/Mining/Energy : GEAC - A New Era?

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To: Sultan who wrote (276)	1/14/2005 11:30:48 PM
From: micromike	Read Replies (1) of 330

Basing this on my past experience when a company says it is going to repurchase shares they do it right off the bat. Since they didn't and the price has appreciated considerably and it has been a quarter since the announcement and no buyback then they are not going to buy any. This is JMHO. The stock price is rising and so far revenue has not been increasing but has flattened out. So that means the investors are confident that something positive is happening in the company. Either A) Revenues are increasing. We know from the company that the maintenance contracts are declining so that means there has to be an increase in sales of existing product. B) Somebody is interested in buying them out. Now if it isn't either A or B then they have to increase Rev. another way which means they need an acquisition sooner or later. If the acquisition price is high then they will have to pay it. The share price will not get a higher multiple until they show Rev. growth. They already said the profit margin will not increase from here on in so they need Rev. growth. Either way something is up when the price is increase on no news. JMHO Mike

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