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Biotech / Medical : Arterial Vascular Engineering AVEI

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To: Dave Chanoux who wrote (392)11/7/1998 12:53:00 AM
From: mmeggs  Read Replies (1) of 410
 
Dave: Sorry it has taken so long to get back to you.

I see your concerns about the Bard acquisition. The bottom line for me is that I believe AVE can do more with those assets than Bard was able to. We've already touched on the benefits of bundling, and while I don't believe it is crucial for AVE survival, it certainly can't hurt.

The rest of the story is solid. good product pipeline, strong management, excellent technology, growing market. I still think the valuation is absurd, and stand by my comment that crushing earnings by .11 cents deserves better than a 3 1/2 point sell-off.

Regards,

mmeggs
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