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Gold/Mining/Energy : Gimbel Vision International Inc. (GBV - ASE) -- Ignore unavailable to you. Want to Upgrade?

To: Glen Gordon who wrote (71)	4/20/1999 12:48:00 PM
From: Glen Gordon	Read Replies (1) \| Respond to of 165

Now that I've had a chance to review the earnings (the way Gimbel reports, you basically have to develop your own financial statements), I think Q1 is going to be pretty good. Procedures should be up again, and as they state in their report, 80+ % of revenue comes from North America (So Brazil shouldn't hurt too much). Revenues should be fairly flat from the previous year (no longer have Revs from Australia). Revs/per procedure will likely be down, but then so should the costs (fees). Without any surprise after-the-fact announcements about write-downs, earnings should be back to 2-3 cents, maybe more. What they really need is to announce some additional clinics/alliances in the US. If Gimbel had continued to grow at the rate did in 97 (under Belanger), this stock would be at $3-5 by now.