COHR ==> The Minneapolis Winner

[tiedyed1]

COHR missed on both top and bottom, so the pain will continue for a while. however, based on this statement and continued momentum from IPGP in this sector, I am hoping COHR will need another 3-6 months to come around.

"We experienced a surge in demand across a number of end markets during our second fiscal quarter. Orders for high power fiber lasers were up significantly from metal cutting OEMs in China, Tier 1 automotive component suppliers and EV battery manufacturers. Semiconductor capital equipment orders benefitted from high fab utilization rates and Chinese IC investments as part of Made in China 2025. Bookings across the OEM component and instrumentation space were up due to annual buys in bioinstrumentation, strength from medical OEMs and increasing opportunities in defense and aerospace.

Our Fiscal 2018 outlook on the FPD business is largely unchanged and the supply chain issue discussed last quarter has been resolved. FPD service demand was similar to last quarter and is expected to accelerate into the second half of the year," said John Ambroseo, Coherent's President and Chief Executive Officer.

"We also made our first investment in the metal additive manufacturing market with the acquisition of privately-held OR Laser, which has developed a compact tool to enable process development across multiple markets, as well as provide production capability for the dental, medical and jewelry markets. OR also developed proprietary software that is intuitive to use and does not require third party add-ons to go from CAD modeling to printed parts. Future projects will be directed towards the automotive and aerospace markets. In addition to the OR investment, we have continued making voluntary prepayments on our debt. The most recent prepayment of EUR60 million brings the total voluntary reduction to EUR285 million," Ambroseo added.

[mrmarket]

COHR missed on both top and bottom, so the pain will continue for a while. however, based on this statement and continued momentum from IPGP in this sector, I am hoping COHR will need another 3-6 months to come around.

"We experienced a surge in demand across a number of end markets during our second fiscal quarter. Orders for high power fiber lasers were up significantly from metal cutting OEMs in China, Tier 1 automotive component suppliers and EV battery manufacturers. Semiconductor capital equipment orders benefitted from high fab utilization rates and Chinese IC investments as part of Made in China 2025. Bookings across the OEM component and instrumentation space were up due to annual buys in bioinstrumentation, strength from medical OEMs and increasing opportunities in defense and aerospace.

Our Fiscal 2018 outlook on the FPD business is largely unchanged and the supply chain issue discussed last quarter has been resolved. FPD service demand was similar to last quarter and is expected to accelerate into the second half of the year," said John Ambroseo, Coherent's President and Chief Executive Officer.

"We also made our first investment in the metal additive manufacturing market with the acquisition of privately-held OR Laser, which has developed a compact tool to enable process development across multiple markets, as well as provide production capability for the dental, medical and jewelry markets. OR also developed proprietary software that is intuitive to use and does not require third party add-ons to go from CAD modeling to printed parts. Future projects will be directed towards the automotive and aerospace markets. In addition to the OR investment, we have continued making voluntary prepayments on our debt. The most recent prepayment of EUR60 million brings the total voluntary reduction to EUR285 million," Ambroseo added.

Valuation is very attractive.

[jiesen]

COHR making a big comeback today, with a 13% one-day jump!

[socalguyturnedwharton]

Mr Market, when did you sell this one off? It had to be at a loss, no? Is there a list of losing trades I'm not seeing on this forum?

Thanks for your analysis, as always.

[mrmarket]

Mr Market, when did you sell this one off? It had to be at a loss, no? Is there a list of losing trades I'm not seeing on this forum?

Thanks for your analysis, as always.

I still own it. All of my trades are posted on this forum.

[jiesen]

Sold my COHR today for $224. While it's not a winner for me, it's better to take the $224 now, than settle for the $214 or $217 buyout, whichever it may be. Saw the news that they had bumped it up 1% from the original buyout target of $214, so maybe $224 reflected speculation of a bidding war? Anyway, that got me to sell out... (Only a 10% loss, too. I'll take one small loss along with 30 winners any day)

[jiesen]

Sold my COHR today for $224. While it's not a winner for me, it's better to take the $224 now, than settle for the $214 or $217 buyout, whichever it may be. Saw the news that they had bumped it up 1% from the original buyout target of $214, so maybe $224 reflected speculation of a bidding war? Anyway, that got me to sell out... (Only a 10% loss, too. I'll take one small loss along with 30 winners any day)

WOAH, my bad! Guess it ain't over 'till the fat lady sings, eh?

[mrmarket]

it's a 3 way horse race...all we need is a 15% premium over the latest bid!

[mrmarket]

IIVI has completed their merger with COHR...I basically broke even on this trade as each COHR shareholder received $220 plus 0.91 shares of IIVI stock, however I didn't make 15% on it, so I will start a new streak as of February 2018.

[jiesen]

So.... what are you doing with those extra IIVI shares you've got? Selling, holding or..? (Just curious)