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Biotech / Medical : PLSIA (Premier Laser Systems)
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To: Matt Quigley who wrote (1557)5/2/1998 9:57:00 AM
From: Pluvia  Read Replies (1) of 1773
 
<<<Since you have a negative view of PLSIA what conditions need to happen for you to see PLSIA as an investment?>>>

Matt,

Sorry to take so long to respond, been busy and at other places on the net.

I think you ask a very good question. And I think the answer is fairly simple also. Get new management. Find a business that can make money, I don't think laser dentistry is it. I do not think PLSIA's dentistry equipment has much of a chance of making the company money. I don't know the opthamology market and as such I won't comment on their slated products in that area. Heck, I don't even know how to spell "opthamology".

What I will say is the same thing I have said many times in the past. Why is a company that has historically made bad management decisions buying companies who have failed -- thinking their own brilliant management can turn them around? It does not make sense to me.

This company has enough cash to find a business that can make the shareholders some money. Unfortunately I don't think the current management can bridge the gap from here to there.

Heck, I can find them a business that will make the shareholders money. Perhaps you could set me a meeting with Cozzene.

The Bottom Line Matt? IMO if this company does not venture into new industry groups and replace current management, I suspect every penny they have will get pissed away and the company will be broke in a few years.

Cheers (Waiting For The Cozzene Meeting) Steve
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