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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 79.27-1.2%3:59 PM EST

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To: RetiredNow who wrote (63041)2/10/2003 1:09:42 PM
From: Stock Farmer  Read Replies (1) of 77400
 
Hi mindmeld, my figures come from latest financials available to me.

As for only 4 years from now? Well, go out and cost up 282 million LEAP Calls for JAN 2005 at the 10.00 strike and come back and tell me what they cost on the open market.

I think we are agreed that the company is one of the best run franchises. I've said that all along. Brilliantly managed, smoothly run. Designer stock for the boomers, picking the seams in Joe 6 Pack's non-financial mind. Perfect.

And undisputably anchored atop the Internet.

But that doesn't make it a good investment. To be a good investment one also has to buy in at a fair price that delivers good prospects of above-average return. In case you hadn't noticed however, the prices these days are heading towards fair. Slowly.

As far as me being too pessimistic, well after two years in a row that my year-end price pick has come in 2'nd (and too high) I prefer to call myself an optimist with a head on my shoulders and two hands on my wallet.

Cheers,
John
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