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Biotech / Medical : Summit Technology (BEAM) -- Ignore unavailable to you. Want to Upgrade?

To: Tummus1 who wrote (886)	6/16/1998 11:39:00 PM
From: virgil vancleave	Read Replies (1) \| Respond to of 1386

with the news release today, it appears that beam is very undervalued and management is quite bullish. not only that, "with cash reserves of over 100 million" they are looking for aquisitions or strategic alternatives. couple that with lots of insider buying and a share buyback program and the 35 million settlement from visx, the story gets even better. price to sales ratio is low and company has almost no debt. considering the market cap of beam is only around 160 million and they have nearly that much in cash, it makes them at a minimum a likely buyout candidate. that coupled with the growth in the laser industry, it appears that good things should happen for this stock. technically, stock has formed a nice bottom and could easily double or more from here. my sell point would be greater than 10 based on a price to sales ratio of 1 and their cash position accounting for no growth. i am long let's hope i am right. good luck all