anyone on hc on this stock?, page-2

Hi Mark,

Long term holder and watcher.

Good company having experienced a few years of rapid growth (15-25% p.a.) and now bedding down.

Don't know what is behind the movement today - likely just filtering out of the annual report results and the share price catching up to the share value.

I wouldn't say that it'll be a dollar any time soon (wouldn't that be nice) but the company is certainly undervalued at present.

Positives: Good technology, brand / market positioning, blue-sky research, share price

Negatives: Still about 5 years away from capitalising from SLT Laser sales in US (currently only Lumenis have patent licence), still significant debt, low liquidity

Hope this helps.

M