re CSCO counter-productive-ness:
At some point, the bad news is in the stock. Not yet, you say?
The stock is at the same price as in late 1998, but the profits, cash flow, sales, keep rolling in.
It is, today, near the low end of its PE range, going back to 1991.
I expect, as some point, they will transition from being a Growth Stock to a Dividend Stock, like INTC is doing (and like a list of big-cap lo-growth formerly-Gorilla tech stocks should do).
disclosure: no CSCO position. My only current long positions are in energy and drugs. I think I'll revisit this CSCO question, when I cover my KLIC short. |
