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Biotech / Medical : Coherent (COHR) : Anyone else holding?
COHR 157.960.0%12:43 PM EST

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To: Sonki who wrote (201)9/27/1997 6:12:00 AM
From: JDN   of 788
 
Dear Sonki: HI. Seems like we always meet sooner or later whereever we go. If you think COHR stock is ahead of itself I suggest that you look at the PE ratio of competitor (in some ways) CYMI. IMHO the growth rate will far exceed 14%. Why? Because I dont believe the analysts are basing it on the rapid increase of COHR's Commercial Lasers. I think this company is being looked at as only being in the Medical Laser field. Suggest that you go to their Web site and look at LAMBDA PHYSIK an 80% owned subsidiary. Also while there you will find their past Press Releases. They only show last 5 quarters but each begins with: ANOTHER RECORD QUARTER. As to timing, thats not my forte, but I entered at 46 1/4 and expect to see 70's within 12 months. That is just my opinion. JDN
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