Laser Vision Centers, Inc. (NASDAQ: LVCI) Message Board

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

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To: Xavier who wrote (92)	8/7/1997 1:59:00 PM
From: Jim Mac	of 413

Well, LVCI can't be valued on earnings, unless you want to estimate earnings down the road. Valuing on revs relative to other companies in category is rather arbitrary... I thought $5-$6 was good, since in first year of profits, LVCI could earn up to $0.50, and a forward P/E of 10 seemed good. Even if first year yields $0.25 EPS, that year's trailing P/E would be around 20, which seems good for a high-growth company. LVCI has more control of its future than other LVC operators, thanks to those mobiles, but VISN, for example, has recurring revs and a more diversified revenue base. $5-$6 looked good, $8 is based on nothing more than hype, considering we don't even know how much they'll make next year. I'd be selling, if I owned any. Then I'd buy back at $6-ish.

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