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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: Zoltan! who wrote (33154)3/30/2000 11:35:00 AM
From: GVTucker  Read Replies (1) | Respond to of 77398
 
Zoltan!, RE: I doubt that. The reality is otherwise.

I quote from an analyst report form December of '94:

"As the leading vendor of internetworking products known as routers we believe that Cisco Systems is attractive based on our themes of redefined economics and productivity enhancement. We believe that the stock, which currently trades at 18x forward EPS, could trade to the low $40 level which would equate to 22x our CY 95 EPS of $1.90."

Seems like you should have kept on owning.

That will be for the future to decide.



To: Zoltan! who wrote (33154)3/30/2000 11:56:00 AM
From: PMS Witch  Read Replies (3) | Respond to of 77398
 
On July 15, 1994, CSCO closed at $19.625 or in today's prices $1.09 after a few splits. With a split adjusted annual earnings of 7 cents per share, we had a P/E of 16.5, well below 20.

The market was selling CSCO in a panic, and those who bought that day, and held, were well rewarded.

Cheers, PW.

P.S. People were given a second chance as CSCO re-visited this price on Jul 27th too.