Emerging Vision, Inc. (fka ISEE)

[Lebaneseproud]

Your eps outlook for ISE way off base!
.10 to .20 eps outlook because of The Optical Group acquisition is ridiculous. You cant compare it to CPNE.
The Optical Group is a buying group and it works on very slim margins. Why do you think ISEE is only paying $3.8 mil. for a company that does $37 mil. in revenue??
Do you even know understand what the Optical Group does??
They list many optical vendors that their subscribing members (eyecare profesionals) can buy from. Lets say eye doctor Dr. Smith buys a combined $5000.00 worth of goods in a month from the various vendors. The Optical Group sends them one consolidated statement from for $5000.00 which the eye doctor will pay to the Optical Group. Then the Optical Group pays the various listed vendors and tacks on a small percentage for basically pushing paper and collecting from the eyecare professionals. If you look back ISEE bought another buying group whose revs were much greater than the amount ISEE paid to acquire them. You can see the result has not changed ISEE's eps much at all.
The revenue numbers will increase substancially however the eps will only increase a little in my opinion. Not nealry the numbers you mention.