Staar Surgical -- know anything about it? Message Board

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Biotech / Medical : Staar Surgical -- know anything about it?

STAA 26.54

-0.3%

Nov 7 9:30 AM EST

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To: Terrence Von Holidae who wrote (82)	5/11/1997 7:28:00 PM
From: m meixlER	of 133

I agree the price to sales is high----What is it with some of these biotechs with no sales or earnings----some of the large caps like Ko and CSCO are 6-7X sales---the market has put a premium on staa with a high PE and relitively high mkt cap because of the potential--the two products developing in staa's pipeline address large markets--from the co's 96 annual report: the glaucoma wick--wordwide demand for the device est 200-400 million the icl addresses a US 1 billion market i dont think the investing public and or institutions realize the potential of the icl---it is literally taking legally blind folks and giving them 20/20 vision.. The ceo stated this would be a 120 million in sales co by the year 2000.--with gross margins higher than they are today. 97 as a year in tranistion to new products will be a good year to accumualte more. MM

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