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Biotech / Medical : Prime Medical Systems, Inc.(PMSI)
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To: Little Abner who wrote (135)8/20/1997 5:41:00 PM
From: l. niedzwiecki   of 210
 
Here I am!

The action of this stock is starting to turn up. The Prostatron news was a huge plus. If PMSI can get those operations up and running, sign on new Practice Management clients, and continue to add lithotripsy services, the stock price should begin to grow. It's inevitable! Trading at 15x trailing twelve month earnings is incredible. I have watched many stocks grow from around $5 share and sputter around $10-$12 a share. Most of those stocks hung around that level for 6-8 months before they charged on. I have no technically sound proof as to this, it is just my observations over the last four years.

It is evident that PMSI is an aggressive company, not satisfied with what it has already accomplished. They are relentlessly expanding into new, high-growth areas. The Prostatron procedures and Practice Management Services should add to revenues in the near term, and earinings there after.

I feel most investors are fooled by the after-tax earings growth. The tax rate has changed to reflect the discontinuation of tax incentives. PRE-tax earnings grew 38% last quarter!!!! This reflects the real operations of PMSI. Trading at 15 times earinings????

I can go on and on. I play these thoughts over and over in my mind when I evaluate my portfolio. It's always the same.

I think the November/December time frame will be the beginning of the pay off for the PMSI investors.

Have a good night,
Niedz
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