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Dear Ira,
BOVI.BB is a Bulletin Board stock also referred to as BOVI.OB. They
look like a great looking little company to me and one of these days
when they are ready to announce approval of their patented device,
they will hire a PR firm and pop. As in all things, timing and due
diligence is key. To me the price is right.
John
------------------ Reply Separator --------------------
Originally From: Ira Tunik <irat@xxxxxxxxx>
Subject: Re: [RT] Special Situation
Date: 04/03/2002 04:00pm
there are two symbols listed, BOVI and BOVI-BB, What is the
difference
btween these issues? Ira
John Cappello wrote:
> Every once and a while something crosses my desk that is not a pump
> and dump but a long term play. That something is Bovie Medical
> Corporation [BOVI.OB].That something was their annual report.I own
> this stock at higher prices for a year and add to it at times with
> profits from other situations
>
> Here are extracts from its most recent annual report.
>
> 1. Bovi attained its 5th consecutive year of record revenues as well
> as establishing a new line of Bovi electrosurgical products.
>
> 2. Revenues increased 18% to a record $11.5 million from the prior
> year resulting in net income of $.06 per share.
>
> 3. The Company private labels and markets electrosurgical devices.
>
> 4. Progress has been made on the development of an innovative
> patented electrosurgical technology that uses inert gases to affect
> precise surgical procedures.
>
> 5. Bovie has completed the repurchase of over 2,000,000 shares of
> stock representing 13% of outstanding shares which reflects
> management's confidence in the future.
>
> At current prices the stock trades for under $1.00 per share at
about
> a 12 X PE ratio.
>
> Do not expect overnight riches. To me this is a buy and put in the
> drawer type play for a nominal amount of money. By all means do your
> own due diligence.
>
> But in this crazy market,over the long haul value will win out.
>
> Sincerely,
>
> John
>
>
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>
>
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