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Biotech / Medical : GSII - GENERAL SURGICAL INNOVATIONS, INC.
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To: Jeffrey L. Henken who wrote (73)10/3/1997 12:26:00 AM
From: Lighthouse   of 211
 
Hmmmm - I am not an analyst, but I play one on the Net. ;-)

I would be happy with breakeven/slight loss for next year-1998. {Company is now 1 quarter into their 1998 numbers}

$.20 per share profit implies apx. $2.6 million in total net income. At a 10% net margin {even with no tax rate that may be a tough number until marginal sales reach a crtical mass} that implies sales of $26 million or $6.5 million per quarter. I doubt GSI will do $6.5 in quarterly sales this quarter or next. {After that the court system could have a big impact and all bets either way are off}

GDT has been going great guns lately - ICD's and the new Multilink stent should power them ahead and make them a ton of money. The Origin division of GDT has been looking for a purpose and appears to have found that with MIS for cardiac surgery. That is what makes the Vasoview a good piece of their strategy. Too bad they infringe on GSI's patent. (Actually that is up to the courts)

JNJ will be an excellent partner once they are up to speed on the two surgical indications they have from GSI, but JNJ is a battleship and GSI is PT 109. Things take time.

Sorry can't offer investment advice. Investing is a personal choice. Check out the technology and call the company. Hey Steve Bonelli (CFO) is a nice guy and he reads this thread or use to.

Regards
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