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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.94+1.1%Nov 28 9:30 AM EST

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To: Gold Beach who wrote (11812)1/28/1998 12:27:00 AM
From: Kirk ©  Read Replies (1) of 77400
 
Don

Sounds reasonable at first, but HP puts alot into R&D and has a higher growth rate than GE and still usually peaks out when the multiple hits 23ish. GE is an old reliable that could be a sitting duck if/when we see a bear market. Probably not as much as KO....

KO has a similar growth rate to GE and has a larger multiple than GE and it is alot easier to make sugar water than jet engines.

I think one can find reasons for a high multiple for Cisco, but I'm not convinced it is worth buying. (though it makes a great hold and I 've been saying this for yrs as I watch the stock go up....Good thing I got better deals that have done just as well)

suite101.com
regards
Kirk out
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