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

To: JDN who wrote (486)	3/24/1998 10:18:00 PM
From: Doug	Read Replies (1) \| Respond to of 788

JDN:Commencing from Aug, relative to the S&P 500 COHR is now trailing that index by 60%. Looks like the world and the Mutuals are throwing their cash at the Big Caps without any concerns for valuation. I agree that COHR is grossly undervalued in terms of P/E . However, that is no longer an attraction for the Institutions. To add to our misfortunes, there was some news today regarding 2 other Laser companies being summoned by the FDA for price fixing in the market place. I have this nagging suspicion that even if earnings this Q are +ve, Mgmt may announce that following Q's will be less promising.That may be the reason why there has been no mad rush to get aboard.