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Strategies & Market Trends : Value Investing

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To: MCsweet who wrote (44385)	9/16/2011 2:34:31 PM
From: Jurgis Bekepuris	Read Replies (1) of 78595

UVIC If I were you, I'd probably wait for 10K that should come out really soon now (by 9/30) unless you think that Q4 was spectacular and the stock will run away. Next scheduled royalty rate reduction is in 2016 ( phx.corporate-ir.net ). So far the sales of royalty products have been growing, but I don't know Bausch & Lomb's plans on the product line that pays royalties. It might be worthwhile to do some digging on how popular is the product that uses Unilens patent. Hedge fund guy (Vadim Perelman, Baker Street Capital) bought up 26% of shares ( sec.gov ), got elected as a director and has not been heard from since. He did not buy more, he did not sell. It might be a peanuts position for him though (<$2M) + opportunity to have "director" position. Or he might do something after 10K comes out. I was thinking that he will take UVIC private, but I'm not so sure now. I would not base your investment decision on him doing something though. The dividend cut was motivated by new product line / manufacturing buildup plans. If this is successful, the company may be a great bargain. If it's not, then they threw away cash when they could have paid off the debt... Obviously, you cannot buy this if you plan to trade or sell in bad conditions. So far there has been very little selling (or buying ;)). I guess a lot of stock is just closely held. Disclosure: Large UVIC position.

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