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

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

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To: Dale Geffrey who wrote (750)	5/7/1999 12:48:00 PM
From: micromike	Read Replies (1) of 1571

Geac Computer Corporation Limited announced today that, between April 28 and April 30, the corporation purchased 1,000,000 ofits common shares (1.6 percent of the shares outstanding) through the facilities of the Toronto Stock Exchange. Very interesting. Lets say they bought 1 mil shares at $25 bucks this means they spent $25 mil. Our cash reserves, even after this transaction, exceed $200M and we continue to generate more all the time. Last quarter they said they had 200mil in cash. So that means they have made 25mil plus. Now I think they have 62mil shares outstanding minus 1 mil equals 61 mil. So we are guaranteed that they have made 25/61=40 cents plus EPS for sure. The street has 50 cents for the quarter so that means they need 6.1 mil to make the numbers. My calculations could be off but it's starting to look like they should hit or beat the EPS for Q4. JMHO Mike

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