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


To: Stock Farmer who wrote (55583)9/22/2001 11:19:10 PM
From: Proud_Infidel  Read Replies (1) | Respond to of 77400
 
A prudent purchaser, such as Buffet, would not buy Cisco unless expectation of profit is at least equal to the expected cost. And Buffet's purchase price would be no less than market cap.

Then how is one to explain Buffet's purchases of KO or G? These are both companies richly valued by nearly any measure and yet he has continued yo plow money into them over the years. Using the criteria you set, Buffet would not hold positions in many of the stocks he currently has.

Brian



To: Stock Farmer who wrote (55583)9/23/2001 11:12:00 AM
From: kvkkc1  Read Replies (1) | Respond to of 77400
 
Why did Buffet buy msft? Name me a company that can justify it's market cap with discounted profit streams with any certainty.knc