BANK ONE Message Board - Msg: 12858210

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Non-Tech : BANK ONE

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To: Big Dog who wrote (313)	2/13/2000 2:02:00 PM
From: BWAC	Read Replies (2) of 466

<Questions his investment in ONE, but comfortable at any price for CSCO?> Strange isn't it. Makes me want to bring all my mutual fund money home. These type guys are just running around with their head cut off trying to keep up with the fund next door. It's not about investing, or even any conceptual professional thinking. It is all about chasing returns at any risk. Pile In, Pile it on, and Pile out. Go with the mo. And all this chasing is easy to do with other people's money. It's amazing the risk you can assume for others when their only recourse against you is your job. As long as the risk works everybody is happy. Now CSCO is a great company. But they are not going to take over the world. (Well actually they might if people keep throwing money at their stock.) It's at least 60% overvalued, even considering their growth rate and potential growth prospects. 2.56 Billion earnings/ 448 Billion market cap. = .5% return by earnings. If I had 448 Billion, I'd just put it in the bank and earn 6%. That's 12 times what CSCO, the company, is making. But hey, invest on.

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