CCSC - Coherent Communications Message Board

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Technology Stocks : CCSC - Coherent Communications

CCSC 5.170

+0.4%

Apr 20 5:00 PM EST

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To: Jay Charters who wrote (218)	7/19/1997 2:17:00 PM
From: Todd D. Wiener	of 381

Earnings look good. Europe was solid, despite other companies' problems with the soft economy. New products look good, and the domestic growth for CCSC is also positive. The margins are expanding slightly and sales growth is excellent. The balance sheet is much better and return on equity is well over 30%. I think CCSC could reach $30 by year-end, and I believe the current uptrend (since the spring correction) is the strongest and most sustainable uptrend that CCSC has ever had. By historical valuations, CCSC could reach the mid-30s easily. But I wouldn't consider it fully valued at $25. It's not cheap, though. I have no current plans to take any profits. I was slightly concerned about Q2, but after seeing the earnings, I'm satisfied. Also, the market was not surprised by CCSC's Q2 report, so I'd expect the stock to remain strong. Todd

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