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Biotech / Medical : Vasomedical Inc.
VASO 0.1550.0%10:42 AM EST
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To: Craig Slotoroff who wrote ()7/30/1998 7:52:00 PM
From: The Thrifty Investor  Read Replies (2) of 1605
 
I spoke with Vasomedical investor relations this week. Vasomedical now has over 60 locations. The website still shows the 45 sites that have been listed since the end of April of this year. Vasomedical will update their website this fall. However, they have not been making updates to the site list since the end of April. Looking back we can chart a growth pattern from when the website was being updated to the present:

Feb. 4, 34 locations
Feb. 19, 40 locations
Apr. 30, 45 locations
July 28, over 60 locations

Vasomedical will post earnings for the quarter and year ending 5/31/98 early next week. I believe that the risk is low that Vasomedical will drop below the present level when earnings are reported next week so I bought some today to add to my position. Given that in the last several months they have experienced around 33% growth in EECP centers, there is a good possibility for an increase in share price. An important item to watch is how much their expenses have increased. However, I think that the story will be the growth. Vasomedical has hired Allen & Caron, Inc. to help their investor relations, and they now have coverage from Oscar Gruss & Son and GHLstockalert.

Best Regards,
The Thrifty Investor
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