To: W Shakespeare who wrote (177 ) 11/18/1998 7:32:00 PM From: ajs Read Replies (1) | Respond to of 413
11/18/98 Laser Vision Centers (LVCI $14.50,2-S,Tgt $17.00) Geoffrey E. Harri --SUMMARY:--Laser Vision Centers, Inc.--Healthcare Products/Services * On November 30, LVCI will report its 2Q99 results. We expect the results to be impressive, and recommend buying ahead of the quarter. * Our investment thesis is based on (i) the successful integration of RSR; (ii) strong core operations; and (iii) the approval of VISX laser to treat hyperopia. * After the company reports, we will review our model, our rating and our price target. * Details below... 11/18/98 Laser Vision Centers (LVCI $14.50,2-S,Tgt $17.00) --EARNINGS:----------------------------------------------------------------- FYE 1 Qtr 2 Qtr 3 Qtr 4 Qtr Year Actual 04/98 EPS $(0.17)A $(0.14)A $(0.10)A $0.01A $(0.40)A Previous 04/99 EPS $0.03E $0.05E $0.06E $0.09E $0.22E Current 04/99 EPS $0.03E $0.05E $0.06E $0.09E $0.22E Previous 04/00 EPS $N/A $N/A $N/A $N/A $0.61E Current 04/00 EPS $N/A $N/A $N/A $N/A $0.61E Previous 04/01 EPS $N/A $N/A $N/A $N/A $N/A Current 04/01 EPS $N/A $N/A $N/A $N/A $N/A Footnotes: 11/18/98 Laser Vision Centers (LVCI $14.50,2-S,Tgt $17.00) --FUNDAMENTALS:------------------------------------------------------------- Current Rank........:2-S Price 11/17/98......:$14.50 Prior Rank..........: Target Price........:$17.00 P/E 04/99...........:65.9X 52 Wk Price Range...:16.06 - 6.75 P/E 04/00...........:23.8X Proj. 5yr EPS Grth..:30.0% Return on Equity 98.:N/A% BookValue...........:$N/A LT Debt-to-Capital..:31.33% Dividend............:$N/A Revenue 1999........:$42.40 mil Yield...............:N/A% Shares Outstanding..:10.90 mil Convertible.........:No Mkt. Capitalization.:$158.05 mil Hedge Clause(s).....: Comments............: