Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Coherent (COHR) : Anyone else holding? -- Ignore unavailable to you. Want to Upgrade?

To: Doug who wrote (362)	12/13/1997 3:36:00 PM
From: Andrew	Respond to of 788

Doug, Thomas was talking about a long term investment. 5 years from now he's not going to care much if he bought at $35 or $30. I'm not saying you're wrong, I'm just suggesting his goal is farther out than yours seems to be. For me, I was wondering when COHR would make the obvious move to selling their laser diodes into fiber applications. I'm glad to see they haven't been ignoring that. And if I remember correctly, it hasn't even been that long that they've had much presence in laser diodes. They are entering new markets, not performing poorly in markets they've been in all along. Big difference. I'm no laser industry expert, so a big "all IMHO" is appropriate here... Andrew

To: Doug who wrote (362)	12/13/1997 9:41:00 PM
From: Thomas J Pittman	Read Replies (3) \| Respond to 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