Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: RetiredNow who wrote (74694)	11/29/2007 2:17:17 PM
From: RetiredNow	Respond to of 77400

Top 10 Stocks With Big Insider Buying, Buybacks thestreet.com Next on the list is router and switch maker Cisco Systems (CSCO - Cramer's Take - Stockpickr - Rating), which just approved an additional $10 billion share-repurchase plan to bring the total stock-buyback program to $62 billion. Since September 2001, the San Jose, Calif., company has bought back 2.3 billion shares for a total cost of $46.2 billion, reducing its outstanding shares from 7.3 billion in 2001 to 6.1 billion at the end of October 2007. The share reduction would have been greater had it not been for 1.15 billion shares added to the market through exercising employee stock options. Earlier this month, the Internet networking supplier said its quarterly profit rocketed 37%. For the first quarter ended Oct. 27, Cisco reported net income of $2.2 billion, or 35 cents a share, on revenue of $9.6 billion, vs. net income of $1.6 billion, or 26 cents a share, on revenue of $8.2 billion for the same quarter last year. It is also great to see that Kintisheff Research reiterated a buy rating and increased its price target on Cisco from $39 to $40. Based on better-than-expected early growth coming from the services business of Cisco, Kintisheff boosted its full-year 2008 forecasts. Another bullish sign for Cisco is that David Dreman of Dreman Value Management recently bought the stock. With a focus on investing in undervalued companies that exhibit significant growth, Dreman has returned 17% annually on the firm's Large Cap Value Fund and 16.5% annually on the Small-Cap Value Fund since the firm's inception in 1991. Among the firm's other new stock picks is poultry producer Pilgrim's Pride (PPC - Cramer's Take - Stockpickr - Rating). We also like that Moore Capital is betting on Cisco. Moore Capital is a group of hedge funds, run by Louis Bacon, that has more than $10 billion in assets. Since 1990 the fund has returned more than 24% annually, making Bacon one of the top fund managers of his generation. He is also buying shares of Dell (DELL - Cramer's Take - Stockpickr - Rating) and BEA Systems (BEAS - Cramer's Take - Stockpickr - Rating). So with Cisco we have a buyback, solid earnings, a buy rating including boosted price targets, and two exceptional investors in the stock. That makes Cisco a stock worth considering.