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


To: Wyätt Gwyön who wrote (47892)2/5/2001 9:19:52 AM
From: GVTucker  Respond to of 77400
 
Mucho, RE: So investors shouldn't obsess about meaningless quarter-to-quarter fluctuations, but of course they do. And of course certain managements feed this obsession by "smoothing" volatile operating earnings with financial engineering.

And thus we have one of the greatest sources for security mispricing. Thank goodness for this silly obsession that some have for the quarter-to-quarter fluctuations, otherwise there wouldn't be near the same level of investment opportunities in the market.