If it is a serger and does not have the coverstitch conversion option, then no, it does not do coverstitch. (FWIW, the pictures seem to show a machine that was made several years ago before the combination machines were available.) Some machines are combination serger and coverstitch, but most users complain about the difficulty of converting back and forth between the two options. However, good used coverstitch-only machines can be purchased for a relatively good price compared to purchasing a combination unit.
http://www.sewingresourcesonline.com/product/PD1234
I have the same serger. The produt link posted above is an awesome intrustional dvd on learning the cover stitch.
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