Coherent (COHR) : Anyone else holding? Message Board

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

COHR 166.69

+7.9%

Nov 10 3:59 PM EST

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To: JDN who wrote (257)	10/17/1997 4:44:00 PM
From: mr. picker	of 788

JDN I know as much about lasers as I do about lighters. I do know that the recent selloff is definetly " irrational exurberance". So it's off .20 cents( based on estimates of TWO analysts) times 11.4 million shares equals $2.3M. Take $800K off for the currency exposure and you have $1.5M short. Tell me if I'm wrong but isn't there a new CEO who is cleaning house abit and jump-starting up some R&D projects. So it's EPS is $2.86 or they are off earnings of 7%. Whoppeeee. Then see that they lost $182M in market cap for $2.3 M short of earnings makes this a remarkable buy situation. Add in the increased revenues and the backlog and the numbers look like a compelling buy. Waiting a few more days to average down as I assume lots of folks are seeing dead money for 3 months and will get out at any price. comments? regards mr.P

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