Coherent (COHR) : Anyone else holding? Message Board

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

COHR 139.93

-10.7%

3:59 PM EST

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To: Wesley Tallman who wrote (103)	6/19/1997 12:48:00 PM
From: Harbor	of 788

I have been wondering the same think, but historically Coherent seems to defy any reason regarding it's trading price. Check a two year chart. It went from about $55 in May '96 to $33 in Oct/Nov "96. Then by March "97 it was back up to $50. During these declines I couldn't find any real reason for the wide fluctions (nor could my broker). The recent decline is probably due to acquisition write-offs ($9M, .78 per share in 2nd qtr endidng March 30 for purchased technology). The also had similar write-offs in the previous quarter. I believe it will take another two quarters to digest their acquisitions and get the stock moving again. Perhaps wishful thinking because have a fair number of shares and am a long term investor. There is a lot of competition, but Coherent is still the premier company in both medical and commercial lasers with a broad product line. I still have enough confidence in management to buy more if it drops below $40. I am surprised there is not more interest in Coherent on this thread as it is in an exciting new industry with lots of potential. All of this in my humble opinion of course. Good luck with COHR RL

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