Coherent (COHR) : Anyone else holding? Message Board

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Biotech / Medical : Coherent (COHR) : Anyone else holding?

COHR 177.38

+3.8%

Dec 4 3:59 PM EST

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To: Thomas J Pittman who wrote (120)	7/6/1997 12:53:00 AM
From: Khris Vogel	of 788

Good presentation. I'm convinced.;) I see that you did work the preferred procedure. I don't do that as often as I should, as more often than not, it comes out relatively close. But there are times when it doesn't, so I should. As far as your use of the current year's estimates, I agree that its not a bad thing to do once we enter the later part of the fiscal year. I've been thinking of how to make the SSG reflect the results of interim results instead of waiting until year-end before you update the annual data. If I can come up w/ something, I think it would be very beneficial. I think it safe to say we end up in the same ballpark in revenue and earnings projections. W/ the low price, I read somewhere (the new Official Guide?) that methods b and c are more applicable to cyclical co.'s, method d applicable to co.'s purchased for income purposes, method a for growth co.'s. My low is 29.4 vs. your 30, so again we're there. I was a little disappointed w/ this weeks appreciation, as I was hoping to buy at a lower price. The current 49 is still good, but 42 would have been nice, too. Congratulations on your buy!!

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