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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 73.73

+2.8%

2:30 PM EST

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To: Sr K who wrote (77063)	8/15/2012 6:44:23 PM
From: RetiredNow	Read Replies (2) of 77397

Hello Thread, I am now a believer in Cisco stock. You know that for a long time, I've said this stock is dead money. I stated that I'd have to see the following two things happen, before this stock would start to grow again: 1. They would need to increase the dividend to a minimum of 3% yield. 2. They would need to articulate a long term dividend growth policy of preferably 5-10% growth targets per year. With the announcements today, they have done both: 1. They announced an increase of their quarterly dividend to 14 cents per share, which equates to a 3.2% yield. 2. They stated they plan to give back half of free cash flows in the form of dividends to shareholders. I now believe this stock is a long term buy at these levels. I believe they have now done the required things to make value investors very interested in this stock moving forward. Of course, there may be short term pain caused by macro shocks stemming from the upcoming election, fiscal cliff, and Europe and China issues, but I believe the stock is now a good buy. Flame on. ;)

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