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: JDN who wrote (247)	10/15/1997 11:47:00 AM
From: geoffrey Wren	of 788

JDN: I tend to agree that the market is over-reacting. Plain fact is a company will get hammered if earnings are way under street estimates, simply because so many people sell on any disappointment. In the last seven years COHR is a four to five bagger; good chance it will repeat that performance. Sales are still growing, it is a growth industry, and the COHR PSR ratio is now under 1.5 I believe. But I am fully invested, so no more purchases for me now, even at this price. My guess is that there will be a recovery of half this loss by the end of the week. Geoffrey Wren.

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