Because I am in an investment partnership.
It is a family limited partnership. CSCO acquired one of our companies, and we got a bunch of CSCO stock. It was distributed to all of us. I sold all of mine. Some of my siblings sold half this week (on my advice), some sold none. I am trying to be sure I did the right thing, and remain continually open minded as my siblings and I continue to discuss strategy regarding CSCO.
I had some hope that I might learn some valuable information by discussing my concerns on this thread. For the most part, I have just received insults (kvkkc1) or been treated with suspicion (Ed Forrest). But the lack of a meaningful refutation of the Barrons or Bill Parrish criticisms from the bulls on this thread has heuristic value.
I suspect that Barrons will try repeatedly to bring CSCO down, as they are trying with AMZN.
A company that can make its earnings without needing to expense employee salary as options (such as INTC) is in a stronger position than one that vulnerable to projected changes in accounting rules.
The concerns discussed so far are just part of the reasons for my decision. For the rest, I suggest you contact Alexander Henderson of Smith Barney, regarding CSCO market share relative to JNPR, and contact Paul Johnson of Robertson Stevens regarding CSCOs product development cycles relative to JNPRs. I will not reveal nonpublic information on this thread, but if you are long and have a lot at stake, I suggest you make this part of your DD.
Tom
P.S. Ed, I probably will just quit posting soon. There has not been enough juice for the squeeze on this thread, and my siblings can do their own work. I have continued to post after my sale out of intellectual curiosity, and out of some second guessing. |
