PMTI FDA OK epilaser for some uses Message Board

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Biotech / Medical : PMTI FDA OK epilaser for some uses

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To: Michael McNeil who wrote (8)	8/27/1996 9:01:00 AM
From: Jane Egan	of 20

The company issued a statement yesterday indicating that they of know of no reason for the recent drop in stock price. AOL has an active discussion on Palomar and much of it is negative. The 3rd and 4th quarter earnings should indicate whether they will be able to make a profit. The major force in bringing the stock price down was the limited FDA approval for the Spectrum Ruby Laser, i.e. no hair removal approval. The stock may continue to drift down but the products remain the same. I thought it was a good investment at 14 and I think it is still a good investment at 8 or lower.

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