GTAX - Gilman & Ciocia, Inc. Message Board

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Non-Tech : GTAX - Gilman & Ciocia, Inc.

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To: stockvalinvestor who wrote (157)	6/11/1998 12:04:00 PM
From: stockvalinvestor	Read Replies (1) of 184

Thursday June 11, 10:26 am Eastern Time Company Press Release Janney Montgomery Scott Reiterates "Buy" Recommendation on Gilman + Ciocia Report Says Operating Trends Remain Robust; Stock Pull-Back Represents Buying Opportunity GREAT NECK, N.Y.--(BUSINESS WIRE)--June 11, 1998-- In a research report issued on June 10, 1998, Janney Montgomery Scott Inc. reiterated its ''buy'' recommendation on Gilman + Ciocia Inc. (NASDAQ:GTAX - news). The firms banking and financial institutions analyst, William Sutherland, stated in his updated report, ''We believe Gilman + Ciocia has a very strong growth model, driven by its ability to leverage its tax preparation customer base into financial planning, a growth model that is likely to be accelerated by acquisition. We consider the stock very attractive at current levels and reiterate our 12-month price target of $27.'' Gilman + Ciocia Inc. is the first publicly traded company to combine financial planning and tax preparation services. Headquartered in Great Neck, Gilman + Ciocia now has over 100,000 clients with 128 offices in fifteen states.

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