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Strategies & Market Trends : The picks

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To: Andrew Vance who wrote (3760)	2/3/1997 9:52:00 PM
From: asner	of 6124

Andrew I'm one of the lurkers and would like to draw your attention to three stocks: Heartport - HPRT @ 31 1/8 Earn/Shr = -1.36 Cardiothoracic - CTSI @ 25 3/8 Earn/Shr = - 1.50 Medtronic - MDT @ 67 5/8 Earn/Shr = 2.1 Some background: There are 700,000 conventional coronary bypass operations done per year in the US. The surgeon opens the chest, puts the patient on a heart/lung machine and sews on a new artery to bypass the clogged one(s). HPRT and CTSI have developed new techniques which circumvent opening the chest and CTSI even gets around the heart/lung machine. CONVENTIONAL OPEN HEART BYPASS SURGERY IS ON THE WAY OUT. How soon is this happening? It's going on NOW. For CTSI try biz.yahoo.com For HPRT try biz.yahoo.com Here is an EPS surprise from Zachs: On 1/28/97 CTSI showed a loss of quarterly loss of -.38 vs -.44 estimate. Where does MDT play into this? They are a monster co. with ties to CTSI. The Federal Drug Administraion released today (after hours) the Octopus Device which immobilizes the surface of the beating heart for surgery. biz.yahoo.com At 6:38 PM EST MDT was not available for after-hours trading Is the FDA announcement the reason? This news may run MDT up. But the better stock play may be in CTSI and/or HPRT. I am into MDT at 68 and CTSI at 22. Bernie Asner

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