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.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »
