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

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To: Mozingo who wrote (376)1/21/2000 3:34:00 PM
From: W Shakespeare  Read Replies (1) of 413
 
The fact that TLC has started an ad campaign in your area is not very relevant. LVCI and TLC only overlap in a few markets. The price will come down first in the larger markets, but even then, LVCI's cost structure should allow them to retain their current profit from each procedure.
My LVCI holdings are down almost 50% at this point and I don't care. LVCI has a spotless balance sheet and IMHO the best management and corporate strategy in the business. This industry is at the point where investors should now be able to distinguish between the players. Unfortunately, all the companies are still being lumped together as one mass. Once the investment community learns who is JCPenney and who is Walmart (to use a retailing example), it will be possible for LVCI to rise when another center reports bad numbers. There was no rational reason for LVCI to drop on VISX's bad numbers.
As for a bottom on the current drop, who the hell knows? I though $18 was a great price, $15 was a steal, $12 was outlandish, $10 was absurd, ect. Some of my software holdings fell to $2- a share on that industry's Y2k slump. They now fetch over $20- a share. The market can be quite stupid at times.
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