The stupidity and lack of perspective on this thread (lawdog)(I edited out MM because of his latest post) astound me. CSCO is up about 120% over last year. 3-4 months ago, CSCO was at these levels. Given what the whole market has done, CSCO has held up remarkably well. On a day when the WHOLE market is tanking, a few people who seem to take this all very, very personally, are declaring that CSCO as a stock, and even as a company, are dead. What a complete bunch of B.S. I've been in this stock for four years, without selling one share. And do you know what? I'm not selling anytime soon. Regardless of the mood of the market right now, CSCO is not slowing down. Will it see the kind of stock appreciation we've seen over the past 2 years? Doubtful. But say, in two years will it be higher than it is today? Very, very likely.
Regardless of what the entire market is doing today, CSCO's revenue and profit growth is accelerating. CSCO hasn't seen 55% y/y revenue growth in three years, until this quarter. The company is absolutely kicking butt. It is growing faster than its competition, and it is the best-positioned company in the tech sector.
Making broad, sweeping statements about the "death of this stock" based on one day, or one week, or even one months activity is foolish, short-sighted, and reeks of low-grade, trash day trader mentality. |
