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Biotech / Medical : Laser Vision Centers, Inc. (NASDAQ: LVCI)

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To: Labrador who wrote (262)8/18/1999 3:15:00 PM
From: MGV  Read Replies (1) of 413
 
Earnings come out after the close. Consensus is 0.11. High is Pacific Growth at 0.12. Low is Advest and Prudential at 0.10. LVCI earned 0.01 a year ago.

The drop is industry wide based on rumors of a price war in the LVC Center market. LCAV lowered price in the Balt-N.VA market by approx. 33% to $1,500/eye. Reportedly they did so in response to TLC taking away a couple of LCAV surgeons. TLC charges $2,700 per eye.
LCAV management says that they have no plans to cut prices elsewhere. I'd expect management to reserve the right to change their mind if the new pricing drives volume faster than the 33% price decline. ; ) Even so, LCAV and TLC have different models than LVCI and compete in different markets. At the very least LVCI is a trade here. The market and the momentum players are creating an opportunity by painting the space with a very broad brush.
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