STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE Message Board

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Strategies & Market Trends : STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE

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To: Doug R who wrote (1566)	1/13/1998 11:52:00 AM
From: James Strauss	of 2377

GTAX... The SWAT Selection... All: This is Sergio's report... ............................................... GILMAN CIOCIA (GTAX) - MARKET AND STRATEGIC OVERVIEW The Company is a preparer of state and local income tax returns and provides other financial services in the insurance, mortgage and investment areas. The business plan is to provide one stop shopping for most financial services. From GTAX's 10k filing: "The Company believes that most middle and upper income Americans require services for preparing income tax returns. Other financial services, such as brokerage for mutual fund investment and the sale of insurance products, have historically been supplied by segmented firms, but the Company believes that the current trend to multiservice firms that provide clients with the convenience of personalized, "one-stop" financial shopping will enable the Company to extend the services that it delivers to its existing tax preparation clients and to attract more clients for its full range of services." sec.yahoo.com Factors making GTAX an attractive buy are: * Hot sector. Refer to the charts in the competition section below. * The new tax laws will increase the number of people seeking professional tax preparation and financial planning services. * The Company's client retention rate, year to year is approximately 75%. * Over the last two years the Company has opened 48 new offices, funded through operating profits. The company expansion has been accretetive to earnings. GTAX plans to continue opening new offices. biz.yahoo.com "The Company believes that its most promising market for expansion may lie in areas where Americans and other nationals are migrating. Individuals usually retain a local tax preparer in connection with their personal tax returns. When people move, therefore, they usually seek to find a new income tax preparer. At or shortly after the time that they move, therefore, individuals are most susceptible to the direct mail advertising of the Company's tax preparation services." sec.yahoo.com * This stock is concidered a "safe haven investment" due to recurring revenue derived primarily from domestic sources COMPETITION In the tax preparation field: H + R Block, Inc., quote.yahoo.com HD Vest, Inc., quote.yahoo.com Many well-known brokerage firms in the financial services field. CONTACT Gilman & Ciocia Thomas Povinelli (516) 482-4860 or The Pinnacle Group Mark Cohen (718) 428-7651 website: gtax.com Sergio

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