Coherent (COHR) : Anyone else holding? Message Board

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

COHR 158.05

-5.2%

3:57 PM EST

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To: Sonki who wrote (220)	10/3/1997 10:13:00 AM
From: JDN	of 788

Dear Sonki: I made a cursury review of WLV (Wolverine Tube). While I have nothing against the stock it would not interest me personally. The problem as I see it is that copper is a commodity that fluctuates a lot and can significantly affect their profitablity. Dont know where you came up with the 32% growth rate as revenues are down so far this year and earnings down bigtime due to a 57 cent per share writedown possibly for downsizing. I know they can and probably do hedge for copper flucuations but I own EX (a battery co.) and it seems to me everytime things are good the price of lead jumps up and messes it all up. My advice is if you are to pursue this company you better get some idea of coppers indicated action. By the way the stock only has a 2.3 rating which is so so generally meaning hold. If you want to discuss more E-Mail me as your address is not listed and I dont have it anymore. JDN

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