Charlie,
It seems to me earnings will much better than expected, like $0.55 -
$0.65 before the Summit payoff. And with PPP out of the picture,
S2 upgrade/lasers hitting the market, Q3/Q4 look even better. No
more FTC worries, and hyperopia approval coming, future earnings
outlook looks even better. $2.00 trailing EPS as of end of
July before one-time charges, and $3.00/$4.00 for 1999 put VISX at a
fair value of $70 now and $100/$140 in 1999, assuming a P/E of 35.
It's a little like YHOO: as more people do it, they realize how great
it is, and they call their broker.
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