Coherent (COHR) : Anyone else holding? Message Board

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

COHR 157.96

0.0%

12:43 PM EST

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To: Tom Sackman who wrote (151)	8/17/1997 7:04:00 AM
From: Thomas J Pittman	of 788

Tom and all, Coherent was mentioned in the Aug 6 issue of S&P Outlook. Earnings of .78 were noted as above S&P's expectations. They said 'Coherent is benefiting from an increasing number of applications for their technology as well as from acquisitions that it has made for cash.' The estimate for FY 97 was raised from 2.95 to 3.08 and FY 98 estimate was raised from 3.45 to 3.65 to reflect increased revenue. At those earnings, even without the increase we are looking at a 98 PE of 13! I have no doubt that 50 will fall. J

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