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Biotech / Medical : Laser Vision Centers, Inc. (NASDAQ: LVCI)

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To: MGV who wrote (159)7/4/1998 8:03:00 PM
From: Jim Mac  Read Replies (1) of 413
 
Mark,

No, I haven't heard of the downgrade, but it doesn't surprise me. I've learned over the years to pay little attention to analysts, since many of them either use poor judgement, do poor research, make poor analyses, or are influenced by the fear of a wrong call hurting their careers.

LVCI still looks like a strong buy in my opinion (I happen to own several thousand shares, along with VISX). I think the estimates are too low, and LVCI will earn $1.00 (fully taxed) in FY00/CY99. Just like the estimates for VISX were too low, and keep getting raised.

--Jim
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