ESC Medical Systems is an Israeli-based medical device maker. ESC's products target the cosmetic surgery business. Also, it recently took over a laser company (forgot the name) which promises to add significant value to ESC's product line.
Price: 47 1/8, -7 7/8 for the week.
Lifetime high 64 3/4; low 23. IPO about 3 months ago.
3-for-2 stock dividend takes effect on Monday, so the stock should trade around 31-32. ESC also announced a 3+ million shr offering with over 70% of the shares coming from selling shareholders. The rest of the offered shares are newly issued. I forget the exact numbers on the offering.
Montgomery placed a "buy" rating on 2/23. FDA has approved ESC's main product Photo-Derm VL. ESC also applying for FDA approval for another product Photo-Derm PL. See link2link.co.il
I plan to buy some shares Monday (June 3), although not at-the-open to avoid getting a bad deal from the mkt makers. This stock is definitely worth looking into. Comments?
Philip |
