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

To: JDN who wrote (567)	6/8/1998 12:36:00 PM
From: Doug	Read Replies (1) \| Respond to of 788

JDN: Diving stations.!

To: JDN who wrote (567)	6/8/1998 1:37:00 PM
From: Scott Schmitz	Read Replies (2) \| Respond to of 788

This market accepts no excuses. This stock's going to the doghouse for at least 2 quarters. And I understand perfectly- everyone is concerned about the next "correction" and has no interest in holding a growth stock that isn't growing. I like this stock as much for it's value as for it's growth. Also, people tend to overreact. Buy when everyone is in their depressive state of the manic-depressive cycle. And sell at the opposite. This company is the global leader in laser technology. In each of the areas they are in their growth is 15% or better. While the P/E is getting a bit hazy, it does look roughly like a P/E of between 15 and 20.