Coherent (COHR) : Anyone else holding? Message Board

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

COHR 148.83

-5.0%

10:11 AM EST

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To: Wesley Tallman who wrote (103)	6/19/1997 9:24:00 PM
From: Jerome	of 788

To Wesley & thread readers For the past three weeks Coherent has been trading at less than half of its normal volume. Institutions own more than half the stock. Most of the tech stocks have working their way downhill since INTC, and Seagate pre-announced earnings disappointments. Plus tech stocks do poorly during June, July, August. In the absence of any significant news from COHR the drifting continues. In this arena no news is good news. Coherent is very prominent in the development of Lasers for medical use. But these Lasers need FDA approval before they can be marketed. This approval is lengthy and expensive, but it also keeps others from jumping in with me-too products. In the last two weeks Coherent was upgraded to Five star ranking by Standard & Poor's. (prior it was a four star)Timeliness is either one or two. Every web source I checked rated Cohr either a Strong Buy or Buy. I suspect that this is a boring stock (Peter Lynch's phrase) that will do very well over the long term. (one to three years out) I will admit that I have gotten a lot less hartburn with COHR than I have some of other less brilliant choices. Sincerely, Jerome

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