Summit Technology (BEAM) Message Board

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Biotech / Medical : Summit Technology (BEAM)

BEAM 21.74

+0.4%

Nov 14 9:30 AM EST

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To: Louis Cristiano who wrote (926)	7/1/1998 7:28:00 PM
From: Paul Kelly	Read Replies (1) of 1386

Normally, a company would buy back some of its own stock if management felt the stock was a bargain AND it could not identify a better use for its funds. I think BEAM is identifying a better use for its funds and while I'm not betting the ranch, I have been adding steadily to my position regardless of what my wife says. I have had both of my eyes corrected and can see things a lot more clearly. This whole industry is taking off and at 1/3 the P/E of VISX (where I also have a modest position) BEAM is a bargain. I think the 10% increase in both of them today was a reaction to the LCAV news. One of these days Summit will be opening its wallet. Then watch out! Paul Kelly

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