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Biotech / Medical : Lincare Holdings (LNCR)

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To: John Stichnoth who wrote ()5/31/2000 4:54:00 PM
From: kendall harmon   of 6
 
LNCR, overdone on the downside today

dow jones excerpts

<<...several analysts labeled the selloff in Lincare shares an overreaction by investors. They said the company earns the bulk of its revenue from liquid oxygen systems and other respiratory equipment and gets only a small portion from drugs.

"I can't see how this is going to have a major earnings impact" on Lincare, said Christopher Caton, an analyst with Robert W. Baird & Co.

John Hindelong, an analyst with Donaldson Lufkin & Jenrette Securities Corp., agreed.

"It's highly unlikely" that the potential cuts will have a big impact on Lincare, Hindelong said.

Caton rates Lincare a strong buy, while Hindelong rates it a buy.>>
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