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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Robert S. LeClair who wrote (12905)	1/20/1999 1:24:00 PM
From: Sir Auric Goldfinger	Respond to of 29382

Thanks for GTAX, it's an old fav. Smacking it right now.

To: Robert S. LeClair who wrote (12905)	1/20/1999 10:58:00 PM
From: linzy	Respond to of 29382

Robert, I too, have heard that GTAX is supposed to jump into the internet trend. GTAX.com sounds very appealing! This could explain the volume and price runup the past few weeks. Imagine if they can pull off doing online accounting and tax preparation services and the like...the margins could be very appealing! Also, the fact that there has been a vast amount of money spent by large accounting and personal services firms gobbling up smaller ones makes this even more exciting. Good luck to all. (See excert from Reuter's story below) GTAX looks great for both long and short term especially after today's senseless panic selloff! I'd definitely buy some here in the mid-teens. ************************************ Financial giants swallow up small accounting firms By Elizabeth Smith NEW YORK, Jan 15 (Reuters) - A quiet revolution is underway in the U.S. accounting industry that for once does not include the nation's largest accounting firms known as the "Big Five". Instead, it focuses on the third-tier of the industry: the massive number of independently-owned accounting firms that are part of a highly fragmented $100 billion market serving small and medium-sized businesses. Leading the charge are outsourcing firm Century Business Services <CBIZ.O>, financial services giant American Express Co. <AXP.N> and tax preparation giant H&R Block <HRB.N>. All three are buying up scores of firms nationwide. Only H&R Block disclosed how much it spent last year, but industry insiders put the total value of the trio's acquisitions at slightly more than $200 million. "If I were to speculate, you will see fewer and fewer smaller and mid-sized accounting firms," H&R Block Chief Financial Officer Ozzie Wenich told Reuters in an interview. "Eventually, a couple of firms will dominate this market