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Cramer’s Newest Laser Pick

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By Douglas A. McIntyre Published
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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 protected]; he does not own securities in the companies he covers.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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