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Microcap & Penny Stocks : lcav
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To: Marty R who wrote (938)2/10/2000 12:48:00 AM
From: W Shakespeare  Read Replies (1) of 942
 
I am puzzled by the street's reaction to the earnings report. My understanding was that LCAV was expected by analysts to post a profit of .03-.04 per share. The actual numbers came in at .00 per share (excluding tax benefits of .10 per share). If you look at the numbers, LCAV made it to breakeven not by ongoing operations, but instead by lots of interest income on their investments.
Now the CEO had already warned that the quarter would be bad because of investments in advertising and other set-up costs. Perhaps investors are taking this into account. But I am getting very wary of excellent procedure numbers giving the laser center stocks a one or two day bounce followed by a long and painful drop back to their prior rockbottom prices. It would be nice if this upward move could be sustained and we could end this horrible bear market in the vision correction industry.
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