Saj Karsan

LCA Vision: A Value Opportunity Presents Itself Again

Hi Soh,

At the current rate of procedures, management expects the cash to last beyond 2012. I agree they would have some problems if they get only half of that number of procedures as you say, but we disagree on the likelihood of that happening.

LCA-Vision: An Illustration of Earnings Power

Hi Dan,

If they add more PP&E, you can adjust the PP&E used in the calculation.

Don't Lose Sight of LCA Vision's Value

Hi TAT, I'm not claiming rediscovery of value caused the appreciation. But I am saying buying businesses below their worth puts investors in a position to profit, as downside is low and upside is high (relatively).

LCA-Vision: Have Revenues Bottomed?

Hi Steve,

Unless you think current management is being fraudulent, I don't think you can ignore the numbers - they don't lie. I'm not relying on any forecasts, except for the break-even number for 2009, but if current management is wrong about that, it would give the Joffes ammunition, so I'm likely to believe that one.