Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : GEAC.....Canadian best kept secret -- Ignore unavailable to you. Want to Upgrade?

To: Fun-da-Mental#1 who wrote (817)	7/14/1999 12:54:00 PM
From: PlayTheKing	Read Replies (1) \| Respond to of 1571

If you listened to the replay of the conference this morning there was a general air of optimism around the upcoming year. <<Normally companies get slammed for this kind of thing.>> True, but in this case, it made sense. Writing off costs over 20 years is a little much. Bringing it down to a maximum of 10 years is more sensible. <<...but I don't htink it's quite fair to say that without these one-time charges they beat the earnings estimates.>> I disagree. I think they purposely wrote things off NOT TO BEAT EXPECTATIONS!! The reason is that their 1999/2000 expected earnings would have been overstated by the analysts as they would have based their projections on the most recent numbers. It is better to get the "soft assets" off the books and to start fresh. Remember, GAC tends to be overly conservative with their projections and it is for this reason they tend to beat expectations!! Hope you get back in before they list down south...I see great potential for "Canada's best kept secret!!" JMHO PlayTheKing