Coherent (COHR) : Anyone else holding? Message Board

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

COHR 154.52

-3.0%

Nov 7 3:59 PM EST

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To: Doug who wrote (362)	12/13/1997 9:41:00 PM
From: Thomas J Pittman	Read Replies (3) of 788

I agree it would be nice if cohr were not succumbing with the rest of the market now but your questions about pe and psr were very good ones. As I look at my last SSG on cohr I see that I used 11 as a predicted low PE. Looking back at the period 1989 using value lines commentary, i see that the pe in 89 went as low as 11.01 and PSR approached 1.0. Accordingly, I am not so dismayed as I might be concerning the near term. G IS a perfect example, and, as diversified in its field as COHR might be, it is, of course, not so strong as G. However, what i am trying to do is to buy fairly easy doubles in 5 years. I believed (and still believe) that COHR could deliver that when I bought my shares at 43-48. I REALLY believe that now. In fact, i feel a little better now that i checked the PSR and PE as you suggested. But, you are sure right. It would be great if we weren't falling right now. J

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