Jan 31st 2013 - Edison Investment Research today published a report on quickview entitled "Cost Reduction Is Key". In summary, the report says:
LCA-Vision has had a challenging H212, as LASIK procedure volumes declined amid a more subdued consumer confidence environment. Its new CEO responded with an aggressive cost-cutting strategy that is expected to cut annual expenses by US$5m and downsize a few lesser performing centres. Improving efficiencies should bring LCA-Vision back into profitability and reinvigorate investor interest.
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