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The author of Stockerblog worked for over 20 years in the financial industry as a stockbroker, investment advisor, Vice President of a San Francisco money management firm, mutual fund wholesaler, and market maker on the Pacific Stock Exchange. He has written articles for the Bond and Share... More
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  • Cosmetic Surgery Stocks Follow-Up 0 comments
    Feb 17, 2013 9:29 PM | about stocks: ALGN, CYNO, PHMD, SLTM

    Two weeks ago on January 30, I published an article on the companies involved in the products and services of cosmetic surgery and the related industries. Three of the four stocks that were described are up big time.

    One of the companies was Cynosure (NASDAQ:CYNO), which produces Smartlipo® LaserBodySculpting™ Workstations used for treating localized fat deposits using a minimally invasive technique. The stock closed at 26.40 on that day and is now trading at 28.13, a 6.6% increase in only a couple weeks.

    Another company that was mentioned is Align Technology (NASDAQ:ALGN) makes the Invisilign systems, an invisible orthodontics process for straightening teeth. The stock was at 29.27 at that time, and is now 33.02, a substantial 12.8% increase.

    PhotoMedex (NASDAQ:PHMD), which makes XTRAC laser products for psoriasis and vitiligo, NEOVA for premature skin aging, and Omnilux Light-emitting diode for wrinkles, has risen 7.9%.

    The only company mentioned that hasn't performed is Solta Medical (NASDAQ:SLTM), a producer of the Thermage CPT non-invasive treatment for skin tightening. The stock has dropped 10 cents during the last couple weeks. Many of the other cosmetic surgery stocks on the free list at have already started to take off. This could be one of the major industries for the decade.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: ALGN, CYNO, PHMD, SLTM
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