BIOL's New Epic 10 Soft Tissue Lasser Will Dramatically Improve Revenue Results Starting In Q4 Period
The Waterlase i-Plus is the product that addressed the complaints of the dental community and made the i-Plus as fast as the high speed drill. The i-Plus has been on the market for less than two years. During the last two years the Henry Schein agreement stood in the way of increasing sales. They terminated that agreement for good only this past April. It is only now that the way is clear for increasing sales. Thank you for the "good luck" but this company has been revamped and has been put on a solid footing. They now have the products and the logjam of the Henry Schein agreement is gone. IMHO the table is set.
Why are you so angry? It's OK for us to have different opinions. We will just have to wait and see who is right.
IMHO it's good that the new EPIC-10 is less expensive than its predecessor. The lower price could mean they sell to more customers. Each customer they add leads to additional sales in the form of warranty, consumables and perhaps the more expensive Waterlase i-Plus platform when the dentists get experience with the less expensive laser product. I think eventually the laser technology will replace the old drill and scalpel. Furry, the CFO, said in his last presentation that every 1% of the world market is an additional $600 million in sales for BIOL. He said that so far they had only penetrated 1.5% of the market. That means that there remains 98.5% of the market for them to go after. I think Pignatelli has the right marketing answers, is increasing his direct sales force and now has the right products with which to address this huge market. That's why I say "the table is set". And I might add the stock is cheap. Give this a little time and we can easily get a 10-bagger. From a technical analysis perspective, last week we had a breakout above the upper line of the uptrend channel. We have had a pullback to touch this upper line and will now kiss it goodbye. I think we have seen the lows for this stock!
PS:If your opinion differs, I am open to hear a reasonable argument.