BioLase Technology, Inc. (BLTI) Message Board

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Biotech / Medical : BioLase Technology, Inc. (BLTI)

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To: twentyfirstcenturyfox who wrote (703)	6/2/2004 12:27:07 PM
From: semi_infinite	of 706

Their SG&A has been running around 35-40% and share count is closer to 25 million so I view your eps estimates aggressive. I had a GTC order to sell Dec 17.5 puts and it went off yesterday on the dive to 10.80. I didn't give it a high probability of going off and had forgotten about it. Boy the chart sure looks ugly and there is a collision between chart ugliness and valuation. We are now back to the lowest PE level of mid-2002 when the stock hit $3.5 with 10 cents eps (no tax) in the bag for 2002, the final eps turned out to be 12 cents as I recall. Now, we have 2004 median first call eps of 0.28 (after theoretical tax of 40%). So, 35 X 0.28 + $2 = $11.80 The stock is priced for a rapid slowing in sales and the company is adding sales reps and territories. It will be interesting to see how this collision resolves and I don't mind having a lock on an entry price in the $10's through mid-Dec.

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