Genicom (GECM) Message Board

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Microcap & Penny Stocks : Genicom (GECM)

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To: buzzcut who wrote (84)	9/18/1997 1:06:00 AM
From: buzzcut	of 231

Are we in a normal pull back, or is this the beginning of something dire? Some people have voiced concern over the 100M credit line. But They've been in debt before and have they abused it. Actually it's a revolving credit line and there to use when needed to keep the business runnign smoothly. So they aren't 100M in debt now. Clearly the syndicate extending them the credit line is impressed enough with gecm to allow them to borrow up to 100M. That seems like a lot of confidence to me. Gecm seems like a good bet and should probably be accumulated on these pull backs. Like an earlier post said the pe of 29 is based on only 6 months of earnings. When the next Qs results come in we will see the pe come down and/or (hopefully) the price go up. thanks, Charles

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