Hey JC, actually the growth rate accelerated this year, but I don't have those figures with me. I got all the amounts I posted from the annual report. If you go to www.sec.gov you can get all the figures I posted and maybe get the most recent quarters as well.
Am I concerned? Not really. First, as I said before, their bottom line growth actually accelerated this year. Revenues have grown 40%. Second, Cisco has been growing faster than the industry since it went public. They will continue to do so. The Internet and E-Commerce is just now exploding. 85% of all data that traverses the Internet flows over Cisco equipment. So as companies build out their networks and as the Internet grows, so does Cisco.
Look at it this way. Would you have invested in INTC 10 years ago, knowing what you know now? I sure as hell would. Well, Cisco is today's story. So my advice to you, is wait until these insane valuations cool a little (yes, Cisco is overvalued right now). Then load up the truck when that happens. After that, never sell. Depending on how much you invest, this puppy will take you to retirement very fast. I have to be honest with you, this company is single-handedly making sure I retire a lot sooner than I planned.
Good luck, JC! |
