On tonight’s MAD MONEY on CNBC, Jim Cramer said he’s looking at some very speculative names. His second pick is in lasers. Last week he speculated on Ionatron (IOTN) and it went up 17% on a contract win this week. THIS WEEK his laser pick is a cosmetics pick is a new pick called Cynosure, Inc. (CYNO-NASDAQ). Cramer thinks this is a winner like ELOS or PMTI was. Since they settled with Palomar they have been free to operate and now they have an antiwrinkle and lipo lasers. They dont have to pay royalties since this does not do hair removal.
CYNO closed at $30.97 today, at the top of its $11.38 to $32.99 52-week trading range. Its market cap was $355 million and does most business overseas. I took a look at the earnings and this one actually outperforms regularly by a wide margin. It still has substantial revenue growth as well, or so the analyst estimates are calling for.
Jon C. Ogg
May 4, 2007
Jon Ogg can be reached at email@example.com; he does not own securities in the companies he covers.