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Biotech / Medical : Mentor Corp. (MNTR) -- Ignore unavailable to you. Want to Upgrade?


To: David S. who wrote (18)2/7/1998 11:47:00 AM
From: AARON DIDICH  Respond to of 29
 
David,

I also agree with you and exited the company last summer when announcement of the fire came out. I was surprised that the stock didn't fall more precipitously then and then pushed a new high. It basically took 3-4 months to sink in. I thought the drop was overblown and bought in at 24 and sold last week at 27 1/2. I have played the stock over the years for 4-10 point swings having always been impressed with their litigation free implant background.

I asked a plastic surgeon at work about their lipo device, never heard of it. Asked about which implants he uses, McGann(?sp) they were the best. Based on that I always bought the stock since to me he was a contrarian play. The issue I am not sure about is the insurance play. Yes they have insurance, but will it cover 100% or just part of the loss, etc. The report did not say specifically what the dollar recovery was going to be.

Misinex thread would be a place to check out for the lawsuit details and like you I also think they will lose. FWIW.

Aaron



To: David S. who wrote (18)2/8/1998 9:40:00 PM
From: A 42nd Skeptic  Read Replies (1) | Respond to of 29
 
Thanks for your thoughts on Mentor. I think I shall wait awhile before I step back in. I will wait and see where Value Line comes in on them. I sold puts last spring on Mentor and they expired worthless, which was great for me. I am thinking about repeating that but only July options are currently listed and I would like at least Oct's so I think I will wait. The markets are making me very nervous right now anyway.

A 42nd Skeptic doesn't really mean much. I race Karts (100cc Yamaha Sr Sportsman) and use the kart number 42, which explains the number.