Coherent (COHR) : Anyone else holding? Message Board

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

COHR 139.80

-10.8%

1:31 PM EST

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To: Thomas J Pittman who wrote (99)	6/16/1997 8:33:00 PM
From: Jerome	of 788

Hi Tom, I have owned COHR since last Nov. and always considered it one of my core holdings. Quality Company, good financials, undervalued, and mostly ignored by tech traders because it is viewed more a med-tech stock than hi-tech growth company. Average daily volume is 75,000 shares. The last week or two it has been trading at half or a third of that volume. Today until 2 pm only 19,000 shares traded and the stock was down to 39 1/2. When I checked again at 5 PM I noticed that 344,000 shares traded. I suspect that at these prices COHR is attracting some interest. I woulden't be concerned about competition from LU or anyone else. Good companies adapt to any competative situation. Every report I have reviewed on this company was very favorable. At the last quarters report of earnings it was mentioned that the strong dollar cost the company about 4 cents per share in earnings. This quarter the dollar is much weaker and may add that 4 cents to the earnings. At any rate I'm keeping the shares I have and will add more when I see some rebound action. I believe in dollar cost averaging on the way up not down. What other stocks do you like besides COHR? Sincerely, Jerome

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