Forum Archive Index - December 2003

["secondstep70" <secondstep70@hotmail.com>]

Tony,

I haven't done the numbers, but beware of buying the falling sword. COH sits
on a very high pe ratio (25). I fail to see any bargain.

Also, many profit downgrades are followed by others a couple of months
later.

It could fall further.

Best of luck.

Chris

----- Original Message -----
From: "Tony" <tony@ltdrisk.com>
To: <sharechat@sharechat.co.nz>
Sent: Wednesday, December 17, 2003 1:04 PM
Subject: [sharechat] Cochlear COH price plunge


>
>
> I have identified COH as a wonderful company and the price looked fair too
> on last Thursday. This was verified by brokers and analysts in Aus(there
are
> some on the www.ETrade.com.au) as a bargain at 2900c.
>
> Yesterday when I looked I saw the $7 plunge to 2190c and today it's even
> lower, at 2090.
>
> I wonder if this is an even better bargain and that MR MArket has over
> reacted for the second time(same as WHS here in NZ).
>
> The profit downgrades don't look that bad to me and the company has a
> remarkably good record of high ROE. Am I missing something?
>
> Anyone else done the numbers and care to comment?
>
> tony
>
>
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