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 9:30 AM EST

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To: Doug who wrote (405)	1/19/1998 10:02:00 PM
From: Dan Packer	Read Replies (1) of 788

<<Price/Cash flow valuations would make sense if spending for Acquistions/R&D were the norm and Retained earnings were near Nil.>> Help me out, I don't know what you mean by 'norm'. My observation was that so long as COHR can make more money than they need for cost type expenses, the business will continue to grow shareholder equity. It will be reflected in share price ultimately. I'm ignorant about TA. I like their market position, and I like their cash generation. Dan

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