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

To: Superman who wrote (357)	7/8/1998 6:23:00 AM
From: robnhood	Respond to of 1571

Superman, The street was calling for .65, our guys were calling for .71 based on the tax thing. I think some of their recent aquisitions had large tax losses accumulated. I think I am going to sell into what I expect will be a quick spike up and hopefully cover on the settle back when they get to the part you did. <<"It should be noted however that some of the circumstances and activities that>> That word "however" could speak volumes. <ggg> BWDIK and IMHO,,,,russell

To: Superman who wrote (357)	7/8/1998 7:59:00 AM
From: micromike	Respond to of 1571

They say 3Rd Quarter is always the strongest since this is when all the maintenance contracts kick in. I haven't seen the official report but I am interested to see how much cash they have for the next big buy they plan to do. This is why I like them even though rev. is down from 3rd quarter. Their track record proves they can increase rev. and profits by buyouts. JMHO Mike

To: Superman who wrote (357)	7/8/1998 8:41:00 AM
From: make.it.co	Read Replies (1) \| Respond to of 1571

1) anybody who follows geac closely knows that the third qtr is always their big one. december falls in their 3rd qtr, and they get a lot of "year end", "spend the budget" sales in that qtr. so this was expected. i was impressed that revenues were up 20% from the same qtr last year with no major acquisitions during the year. a knock on geac has been that all it's growth has come from acquisitions, but it now appears that its generating some internal growth. 2) geac's comments raised a few flags - nothing is ever simple. i can't confirm or deny the 14% and 31% tax rates you suggested, but i'm going to look into it! i doubt that tax benefits added $.10 to eps! i have a couple of questions for you. how do you feel about geac's cash balance's and the prospects for future acquisitions? are you long geac?