GEAC.....Canadian best kept secret Message Board

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Gold/Mining/Energy : GEAC.....Canadian best kept secret

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To: john bass who wrote (653)	3/10/1999 11:17:00 PM
From: micromike	Read Replies (1) of 1571

All the bad news seems to be out and there hasn"t been any panic reaction What's all the bad news they missed the quarter by $0.09. Is this news enough to cut the share price by 50%? Geac Computer Corp. Ltd. Posts C$0.61 vs. C$0.70 3Q EPS biz.yahoo.com What I don't understand is why the street hammers the largest software company in Canada for missing the quarter by $0.09. Oh yeah I forgot that Y2K bug. Does the street actually think Geac can't solve the Y2K problems? This stuff is only software it can be reprogrammed. This sort of reminds me of all those people who think the hydro will be off come the Y2K and are buying gas generators. These people are wasting their money. Rev was up 24% to 214M and with the cash on had and a future large take-over they could probably hit the one billion mark next year. Just using Geacs 3 quarters the PE is 11.6. I don't get it there is still another quarter to come. Is the PE going down to 5 or so. I must be stupid because I don't understand why the street is hammering Geac. Now I guess it will hover around $23 till next quarter or a major deal which ever comes first. Like I said I just don't get it. JMHO Mike

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