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


To: Don Hand who wrote (1056)9/13/1998 12:52:00 PM
From: Ultimate Investor  Read Replies (2) | Respond to of 1386
 
The earnings estimate for Summit for 1999 is $0.30. they have about 31 Mil shares so that is about $10 Mil in profits. Now they have $120 Mil in cash, ST and LT securities. If I invest the money at 8%, I will get $10 Mil in income (okay before tax). And we have not talked about Lens Express yet. So what does it all mean? Well, now you know why the stock price is where it is.