Hello Harry,
I see it has been fairly quiet on the LCAV thread. That may change by the middle of next year. I currently don't own any LCAV, just waiting for the right time. I jumped in a little to early last time. I thought you might be interested in the following.
Innovative Optics, Inc., announced that they booked $11 million in sales of its innovatome microkeratomes in early November at the American Academy of Ophthalmology's annual meeting where the device was formally introduced. Sounds like a lot of doctors are planning on doing a lot of LASIK in the near future. Michael Moretti, editor of Medical Laser Insight, has stated that "the LASIK market is expanding rapidly through out the world, with an estimated 350,000 procedures performed this year and a 20 percent annual growth rate."
(November 10, 1997, Vol 36, #9, AOA News)
The November 28, 1997 edition of Cincinnati INC., a publication of the Business Courier quotes Dr. Joffe as saying 4 of the 43 free-standing surgery centers are profitable with "4 more expected to be profitable this year". He is also quoted as saying that he "expects LCA to return to profitability in 1998". The article also showed Dr Joffe and his family as owning $48,612,784 of LCAV stock.
Harry, what would you be looking for on determining when to start retaking a position in this stock? With a stock that is trading this thin, would you start taking a position earilier then you would otherwise?
Cisco |
