Brian, csco is NOT cheap.... watch it w. the calls. great company but
not cheap. i agree w. the following written by breifning
CISCO SYSTEMS (CSCO) 83 7/8 +1 27/32. Shares of leading computer networking concern continue to make-up ground, one week after the
stock was badly beaten up as the market sentiment ran indiscriminately against tech stock following the collapse of the Asian markets. Last week,
this issue traded as low as $68 a share, before some investors came to their senses and started buying the stock. Since last Tuesday, the stock
has made up most of its losses as the issue trades less than $2 below its high of $85 1/4. The stock has recently received a boost from the Big
Money Poll Survey conducted by Barron's in which the stock is listed among the Most Favored Stocks by money managers. In addition, the
company is due to report its fiscal 1Q results tomorrow and, according to the First Call median, Cisco is expected to post a profit of $0.58 a
share, excluding an acquisition expense of $0.08 to $0.10 a share. In the year-ago period, the company had a net of $0.47 a share, excluding a
$0.05 asset sale gain and a $0.26 acquisition expense. It earned $0.55 a share in the preceding quarter on revenues of $1.765 billion. While the
stock has held up so far going into its earnings release, some profit taking may emerge in the next 24-hours as some investors may prefer to
step to the sidelines, given how poorly the stock was treated last quarter when the company met market expectations, but came in shy of the
so-called "whisper number." This time around, there are not too many expectations beyond the consensus, which should prove positive for the
stock if the company can match expectations.
Chart
13:15 ET ******
CHEAP STOCKS: The market's recent volatility has sent a long list of tech stock names spiraling lower over the past two weeks. And while many
sectors and individual issues have quickly recaptured some or all of the gains lost over this period, others have simply been left out of the
recovery. A lack of a rebound in these particular stocks -- most of which happen to be small-cap names with little visibility and low volume --
appears to have left a buying opportunity for those investors who are willing to assume the considerable risk that typically accompanies
opportunities for robust short-term gains. Our favorites are oilfield services concern Unifab Intl (UFAB); circuit board assemblies company Jabil
Circuit (JBIL); document management systems company Imnet Systems (IMNT); and casino operator Anchor Gaming (SLOT). Instead of baiting
you into these stocks with our opinions on why they offer good prospects for handsome near-term appreciation, we would rather see you come to
the conclusion yourself; after all, its your money that's being put on the line. In order to assist you in this venture, a link to the latest information
and analysis on these issues has been provided.
JBIL---UFAB---SLOT---IMNT |
