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Biotech / Medical : CLZR:a potential 10 bagger?

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To: P.M.Freedman who wrote (29)2/11/1997 2:31:00 PM
From: Bob Davis   of 315
 
On January 27th, Candela announced a 60% increase in net income
on a 19% gain in revenue during the second quarter of fiscal 1997.
These results exceeded my quarterly projections, upon which I based
the fiscal year projection for 1997 which were published in The
Napeague Letter on January 5th ; Revenues were $9.4 million versus
my projection of $9.1 million; net income was $736,000 or $.13 per
share versus my estimate of $541,000 and $.10 per share.

I have not yet received a copy of the Company's 10-Q Report, but I
will update this Analysis after I read it and e-mail it to all Napeague Letter subscribers.

On Friday, the Company issued a press release announcing the
opening of the worlds first combined spa, salon and cosmetic laser
center on February 11th in Scottsdale, AZ; plans for this center have
been announced previously.

Technically, momentum-based indicators are showing that the
upward price momentum for the stock has slowed, and that it may
currently be overbought. This may signal an upcoming short-term
price decline.

If you would like a free subscription to The Napeague Letter, please
e-mail me at rmdavis1@ix.netcom.com. This subscription is
absolutely free - no one will try to sell you anything and your e-mail address will not be used for any other purposes.
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