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Biotech / Medical : Laser Vision Centers, Inc. (NASDAQ: LVCI) -- Ignore unavailable to you. Want to Upgrade?


To: Koolaide who wrote (114)11/6/1997 9:53:00 PM
From: Jim Mac  Respond to of 413
 
Those were good points. Concerning the potential for price pressures in the LVC field, that's what happened in the U.K. after the market became saturated with lasers.

However, that was during a time when the technology was first-generation, the results not as good, the demand not as strong as it presumably will be in U.S., and hyperopia was not available (hyperopes seem to respond more enthusiastically to laser vision correction's results than myopes). Also, the main operators know they need to dominate their respective markets, keep costs low, and maximize volume per laser, so maybe it won't happen here.

Yes, it seems LVCI will be the low-cost operator, and will have the most flexibility, unlike LCAV and Beacon, for example, who rely on fixed stand-alone sites. I think the mobiles are being underestimated for their ability to generate low-risk, low-cost revenue. They seem to be the only real differentiator between LVCI and the rest of the pack.



To: Koolaide who wrote (114)12/5/1997 9:45:00 PM
From: Jim Mac  Read Replies (1) | Respond to of 413
 
U.S. lasers/access sites for a few main players:

Beacon: 10/10: burning big money;

LCAV: 36/36: burning big money;

LVCI: 21/100: U.S. ops cash flow positive October, entire company EBITDA positive November, likely to be fully profitable by April 1998 or sooner, and adding maybe 5 sites per laser, 2 lasers per quarter in future, each one profitable/BE from start...

Think about it...