I have taken plenty of accounting "classes" as you say. Enough to know that you have NO Education, do not have an inkling on how to value a stock, or of the complete fraudulence of Cisco's acquisitions, payment to employees, and overall accounting abuses.
All the things you talk about, PE, valuation, etc - they are IRRELEVANT when a company engages in gimmickery as has nearly EVERY tech stock.
It's just not Cisco, it's a problem deep-rooted in technology accounting practices and when the Day of Reckoning comes, all you guys will be wondering, "Why, How..."
As typical Americans you'll put the blame on somebody else, get some laywers, and sue for whatever the techs have left -which will be very little.
I feel very sorry for this country as you typify the investing public.
Trust me, I am very humble. Lost 200k in two weeks last year - I am plenty humble, and I am honest because I admit my failures; I am humble and SMART enough to understand that the good days are/were over and I COULD NOT beat the market.
You obviously think otherwise and it is your arrogance that needs to be checked.
Write back to me when you have those definitions, because if you knew the answers, you wouldn't be in Cisco or techs. |
