STRONGLY RECOMMEND <LCAV> look at this news....hot industry
"PaineWebber estimated that 70,000 people were treated in
the United States in 1996, rising to 200,000 in 1997, with
further growth to an estimated 350,000 this year, and to
500,000 to 550,000 in 1999."
"There is a potential laser-treatment market of 60 million
near-sighted people and 50 million far-sighted people in the
United States, Koo said."
"It's a lifestyle change," he added. "The outlook is going
to be quite positive as vision-correction (surgery) continues
to gain acceptance."
Laser Vision's stock was up 15/16 at 11-5/16. LCA's stock <LCAV>
was up 5/16 at 2-5/8.
***NOTE: the above quotes are from the following story:
NEW YORK, April 16 (Reuters) - Laser eye treatment stocks
rallied on Thursday after better-than-expected profits at VISX
Inc. injected further credibility into a sunrise
industry as public confidence in the procedure grows.
"VISX's earnings validate the growth in the procedure that
we have been talking about," said Charles Olsziewski, a first
vice president at PaineWebber.
VISX's net income in the first quarter of this year rose to
a record $0.58 per share, up from $0.17 per share in the same
quarter last year.
The treatment of near- and far-sightedness using lasers
began about three years ago.
POSITIVES:
LCAV WAS AN $8.50 stock in the past; this is good and means that will be no major resistance getting back to this level, although of course it will take awhile
LCAV - Revenues at their original, well established cetners are up over 200% this year (source: LCAV news release)
INSURANCE has not even started to cover this type of surgery...when they do.....WOW!
Word of Mouth advertising for ecstatic clients is the best form of advertising! THe surgery last seconds and gives a lifetime of restored PERFECT vision for about $2,000. What a miraculous bargain!
HAPPY INVESTING,
DAVE |
