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Biotech / Medical : TLC-The Laser Center (NASDAQ: LZRC) -- Ignore unavailable to you. Want to Upgrade?

To: Cal Gary who wrote (76)	11/5/1999 9:44:00 AM
From: Cal Gary	Read Replies (1) \| Respond to of 96

"but our business is great," Elias Vamvakas at AGM TLC The Laser Center Inc TLC Shares issued 37,182,456 Nov 4 close $30.25 Fri 5 Nov 99 In the News The Globe and Mail reports in its Friday edition that TLC The Laser Center Inc.'s dismal stock market performance in the past four months is an "industrywide issue," the company's chief executive officer told shareholders at the annual meeting yesterday. "I'd like to tell you something is wrong with our business, but our business is great," Elias Vamvakas said. To illustrate the stock market performance of companies in the laser vision correction (LVC) sector, one of the first slide's in TLC's slide presentation was a chart showing stock prices of TLC, Laser Vision Centers Inc. and Visix Inc., all trailing the S&P 500 index by a wide margin. Nevertheless, investors peppered Mr. Vamvakas with questions about discounting in LVC prices as well as the stock market drop in the face of TLC's improving profit. "I can't explain it." Mr. Vamvakas told one shareholder. "We see no correlation between our short-term stock price and our [business] performance," he said. Moreover, he said the company has beaten analysts' profit estimates in each of the past five quarters. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com