$80.00/sh TARGET PRICE ..........
ARTICLE: From The Globe & Mail, Thursday, February 26th, 1998
GEAC COMPUTER CORP. LTD.
(GAC/TSE), up $3.25 to $57.50, on volume 0f 337,915 shares.
Anticipation of an acquisition, internal growth from new software,
improving margins and the expectation of strong third-quarter earnings
helped Geac shares to a 52-week closing high, said Josef Vejvoda of
Lowen, Ondaatje, McCutcheon Ltd.
"Management is firing on all cylinders, margins are at 43%, from 36%,
and new software sales growth has been 20% year over year in the past
two quarters," said Vejvoda.
Geac is expected to report its third quarter on March 10, traditionally
its strongest because of pre-paid maintenance contracts. Vejvoda has a
12-month target price of $80 on the stock.
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GEAC CHART:
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GEAC NEWS:
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Toronto:"GAC" |
