CSCO
By Steve Abraham on Oct 15, 2007
Cisco Systems has once again become a leader in the technology bull market. I believe during the 90’s to early 2000 bull run, CSCO was up like 10,000%. Anyhow, it was something ridiculous. Today’s CSCO certainly isn’t going to return that much, but it is up 32% this year and the company has $23 Billion in cash for a rainy day. I think CSCO will use some of that cash to make acquisitions and maybe pay a one time dividend along the lines of what Microsoft did a few years back. Here is the chart. It looks good. Earnings are the week of November 7. CSCO is a convservative, steady play in today’s tech market.
5 Responses to “CSCO”
yeah I had built my position in csco back at 28 and sticking with it. hopefully they won’t let me down.
WHat do you guys think of ISPs? Talking like RCNI etc. thx.
CSCO looks great to me now. I was hoping to see a little pullback to initiate a position, but I don’t think I can keep waiting much longer. Great fundamentals at that company.
“Today’s CSCO certainly isn’t going to return that much, but it is up 32% this year.” It amazes me that people actually think this can happen. Cisco, became a leader over 10 years. During that period, they released so much press, the market became bullish beyond belief. At this point in the “curve,” it’s too late. Even without wizetrade, you can predict that.
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I got a report from http://www.gillingsecurities.com and they had a strong buy on cysco. Insider buy/sell looks good and there are some major pending contracts I think. I can forward on the report if anyone wants it. jessicasmith7778@hotmail.com.