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Biotech / Medical : Insite Vision Inc.

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To: Robert Mayo who wrote (541)11/15/1997 11:25:00 AM
From: David Bogdanoff  Read Replies (1) of 1060
 
RM:

Agree that med device companies are poorly followed/understood.
Sometimes investors prefer this kind of company; Peter Lynch considers it a big positive if no analyst follows a company he is interested in (it has to have sound fundamentals). Of course this requires patience; Lynch has stated that 3 years was not unusual for some of his investments. I believe that Buffett also likes buying undervalued companies with sound fundamentals and great franchise. IMO, Insite
could turn into such a company (caveat: Buffett has not bought tech.
comapnies because he could not understand the busines. I believe that
he has made statements recently saying that he might buy tech. companies).

David
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