$COHR

Implied claim • strong conviction • basis: growth vs multiple

But we had a big recent pullback on Coherent, COHR. So essentially what they do is imagine a world where, you know, a lot of these data center companies that are building these this infrastructure, previously, you know, everything was copper wire, but now they're moving from copper wire to photonics, which are essentially transferring data at higher speeds by about 3.5 times faster using photonic light.

Explicit claim • strong conviction • basis: explicit term

But today we're looking at an AI shovel maker whose stock is so intensely overvalued and like whose manufacturing costs are so astronomically high that one single misstep could literally cut your portfolio in half.

Implied claim • moderate conviction • basis: drawdown discount

The stock pulled back around 30% in the last month... Some banks have price targets as high as $450.

Explicit claim • strong conviction • basis: multiple relative

As impressive as their financial growth may be, that valuation has become just way too rich for my taste where they currently trade over 160% higher than both their 5-year average and the sector median on a forward P basis.