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Biotech / Medical : Prime Medical Systems, Inc.(PMSI)

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To: jwk who wrote (27)3/2/1997 10:15:00 AM
From: Mark Fleming   of 210
 
A few points: Prime is the leading provider of lithotripsy services in the U.S. They operate 55 machines in 32 states with an approximate market share of 16%. The next closest competitor has about 30 machines and the next after that about 8.

If you want more detailed info, I suggest you look up their latest report on Edgar or request an investor's packet. The packet you receive will include an analysis by Southcoast Capital including a discussion on competitive factors. In a nutshell, the analysis I received indicates PMSI is able to compete effectively on location, price, quality of service and quality of equipment.

I honestly don't have any more detailed info than that on the current status of competition although I wish I did. Perhaps if your research into the bigger picture turns anything up, you will share it with the rest of us. As I suggested before, my own view is that the flatlining price has more to do with the latest investment trends than it does with anything fundamental about the company or its market. But hey, all I know is what I read in the papers.
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