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Biotech / Medical : Palomar Medical Technologies, Inc.
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To: ICY who wrote (671)7/25/1998 3:56:00 PM
From: David Wise  Read Replies (1) of 708
 
A year ago this news would have sent the stock price over $20. Too many shares have been added since then. Still, there's new hope for this line of products. Contrary to "Negative Ted's 100 worst posts", Palomar Medical can now claim "Permanent Hair Removal". This was Ted's most frequently mentioned slam against laser treatments. Now the FDA agrees with Palomar.

Unfortunately, too late to keep some of us from losing our shirts, but maybe what's needed to start the stock back on an upward climb.

Laser sales should grow faster, now, but more immediately it should really help with their treatment centers now that they can advertise the "permanent" feature, exclusively.

Of course if I was a physician looking for this tool, I'd certainly go with the ONLY company that can claim "permanent" hair removal. So sales should pick up nicely there, too. At the current stock price, could be a nice investment.

Good luck to the company and all long term stock holders.
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