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Biotech / Medical : Arterial Vascular Engineering AVEI

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To: Jim Paxton who wrote (396)11/17/1998 1:21:00 PM
From: Dave Chanoux   of 410
 
Hi Jim,

I think I have read your posts on the Parametric Technology thread.

There is a lot of old news around on AVEI as the market for the stock and the company's products is changing rapidly.

I suggest you get and read the company's last 10K from the edgar database. It was published 60-90 days ago.

For example, the company has just completed purchase of a division from CR Bard, effectively for debt. So the balance sheet is no longer debt free.

Another example, Boston Scientific has a new stent which was introduced and recalled within a few months. I expect it will be re-introduced shortly. It's impact? Subject to debate.

I think you may find that the company's earnings are difficult to predict, so the ratio's and valuations are based on uncertainly.

Just my opinions,

Regards,

Dave Chanoux
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