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


To: Dan Packer who wrote (408)1/20/1998 11:00:00 AM
From: Doug  Read Replies (2) | Respond to of 788
 
Dan Packer/Cash Flow.
In certain Industries cash flow is fully utilised for Acquisitions/
R&D, Explorations etc. Profits are not funnelled into Retained Earnings. An example of this is the Oil Exploration ,Oil Drilling and Bio. Tech Industries. In those cases the normal mode for valuation is Cash Flow. COHR tends to leave its excess cash as Retained earnings which means its assets are not optimised on a regular basis.