Palomar Med Technologies Inc (NASDAQ:PMTI)

I'm still researching Palomar, but these guys make lasers and flash lamps for cosmetic surgery and hair removal. They can fix acne, they can remove scars, tattoos, birthmarks, spider veins, hair where it isn't wanted... They have a large contract with Gillette, another with Johnson and Johnson, and another with the Army for a device to help with "razzor bumps" soldiers get when they shave in the field under bad conditions. They are an industry leader, have recently proven their patents are sound having won two major cases against two serious competitors. I'm not sure about the 38% predicted growth rate, but if they can hit 25% they will still do very well. Some markets will get pinched with a tight economy, but this technology can fix things nothing else can. They have no debt, great margins and a very real technology. I'm not thrilled with the P/E or price to book, but I've talked to customers and they LOVE the results they got fro treatment.