LCA-Vision, Inc. (LCAV)

CAPS Rating:

The Company is a provider of fixed-site laser vision correction services at our LasikPlus vision centers.

View All Commentary (LCAV)

Recs

2

Avatar Gtrinvestor (99.99) Submitted: 6/25/08 11:47 AM : Start Price: $5.21 LCAV Score: 3.72

This thing is trading like it is going bankrupt, but I'm not sure I see that in the financials. The market cap approx. equals tangible book value, so this thing in theory should be bleeding cash to trade at these levels... but it isn't.

Yes the CFO just resigned and they announced a lack of strength in pricing going forward, but unless there is some sort of mendacious theivery going on, I'm not sure that the company will fall much further in the short term.

No where that I would put hard earned money, but worth the speculation in CAPS.

1 thumb up out of 3

Report this Post Replies: 2 | Reply

Avatar bluedome (< 20) Submitted: 7/01/08 3:31 PM

Recs: 0 | Rec This

Around here, Lasik Plus offers the lowest prices. I sometimes wonder if that is their problem - do people want to have their eyes done at the cheapest place?

Report this Post Reply

Avatar Gtrinvestor (99.99) Submitted: 7/01/08 7:52 PM

Recs: 0 | Rec This

I think you're right. When I got my Lasik surgery done years ago, there were places which offered buy one get one free promotions... I avoided them like the plague; however, I didn't go to the most expensive either. With the economy slumping, you may see a few more bargain shoppers out there.
Again, long term, I don't think this is a good company given your viewpoint on low cost provider, but I think maybe a bounce is in store... maybe.

Report this Post Reply

LCA-Vision, Inc. (LCAV)

2

Featured Broker Partners