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Gold/Mining/Energy : GEAC.....Canadian best kept secret
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To: Superman who wrote (316)6/12/1998 3:06:00 PM
From: micromike  Read Replies (1) of 1571
 
Well, the way the over all stock market is tanking I don't think too many analysts have a good track record right about now. As far as the analysts goes the flocks usually follows them so basically they have some pretty good clout moving the price. Right now Asian fears are causing the sell off in all stocks.

I could be wrong but I don't think Geac is that dependant on Asia for revenue.

The only problem I can see that hurts Geac right about now is that Saddler sold a large position but he still holds a lot.
Cowpland from Corel use to be on the board of Geac but when he pulled off his stunt of scaming Corel shareholders before the earnings were released and presently is in a US shareholder lawsuit because of this. My guess is that they ended up kicking him off of Geacs board because of this. With that said I think Geac has a lot of respect for the shareholders so I would think the earnings should be in line with analysts.

I haven't heard of any other insider selling so I am still confident that Geac should hit their numbers for the quarter.

And with that said here are some numbers
This Quarter(Apr 98) 0.71
This Year (Apr 98) 2.51
Next Year 3.10

Now only if I has some more money I would be buying now.

JMHO
Mike
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