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LCA-Vision Inc. Message Board

  • yahoo yahoo May 11, 2005 9:56 PM Flag

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    • The $8 secondary was pre-split, making it equivalent to $32. A brilliant move by Joffe. Enabled LCAV to got through the rough times with plenty of cash. But 12-15 isn't near enough to buy this company.

    • realinvestmentstrategies realinvestmentstrategies Jun 13, 2003 8:38 AM Flag

      Think about it. TLC is the buyer for LCA Vision. DC8 swaps his LCAV shares for TLCV shares. He is a very proud owner. Do we call them TLCVIAV?

    • Agreed that the liklyhood of a buyout is quite high, and the buyer will certainly not be TLC. They do not have the capital and they would have to get regulatory approval.

      Joffees own 33% plus the BOD owns a good percentage as well. One good measure of LCAV is the value per center. Currently with 35 centers in N.A. the value is about 3 million/center. I believe that is at the high end and to get to the 12-15 range as a buy out price, they will need to open about 7 more centers. LCAV stated they will open 4-5 this year. So if they hit earnings of .30, and they open those centers, could Q1 of 2004 be the year LCAV goes private. Maybe thats why they hired that crackerjack shyster joffe jr???

      • 1 Reply to wdf2002
      • realinvestmentstrategies realinvestmentstrategies Jun 12, 2003 9:42 PM Flag

        <<<the buyer will certainly not be TLC. They do not have the capital and they would have to get regulatory approval.>>>

        I don't have any inside info that TLC wants to buy LCA Vision. But I do want to debate your logic.

        TLC is trading at nearly $5/share with 64 million shares outstanding. They have over three times the market cap of LCA Vision. TLC could easily issue shares in exchange for LCAV shares and make the deal happen without raising capital. LCA Vision share holders would receive TLC shares for their purchase and there would just be more TLC shares outstanding. Isn't this how TLC did the LVCI deal?

        Then for the regulators. Remember that at least 80% of the LASIK industry volume is performed by independents. The independents of course are the only group to have consistently made a profit in this business. This hardly represents a monopoly concern.

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