Jim
This whole discussion comes down to one point. There is a damn good chance that if you own ANY of these laser stocks, there may be significant rewards in the future.
I think it is great that VISX is doing so well. I have problems with
how they got there, but, So What?
If you look at the main reason for the climb, you can understand my position. The LVC's are getting fat and falling off the table.
I sold 80% of my BEAM which was dead, and bought LVCI, one of your favorites. This was after BEAM issued the LCAV dividend.
Check this! Between the price increase in Beam and the increase in LVCI over the last few days, any hits I took from Summit are just about covered.
Further, add the LCAV dividend and my own advice which I took (buy LCAV up to $3 starting from $.90) and this has been a BIG, BIG, week.
Now people are talking about this stock going to it's high again - $8.50/share.
If you own both LVCI and LCAV, this is over 93% of the WORLD market.
I want to now get the financials for Summit's current assets. They must be holding a hell of a lot of cash and securities. If we can determine a buyout target, we may be able to get a good price on the acquisition before the news. |
