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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Grantcw who wrote (40046)	11/14/2010 7:23:04 PM
From: Jurgis Bekepuris	Read Replies (2) \| Respond to of 78748

Cwillyg, I am not a prognosticator, so I have no clue if CSCO will go to $16 or not. If it was cheap here at $20, I would buy it now without thinking whether it will drop more or not. However, for me - and that's just for me - it's not cheap enough yet. So I'm not buying, but I gave a price range where I would relook. ;) For company to get to 10-20% of my portfolio, it should be very cheap. Not saying that this means a guaranteed success - in fact some of my former big positions were big mistakes, like HW and CRDN and currently possibly NOK. I guess I should be careful not to grow my positions by buying into value traps. :)

To: Grantcw who wrote (40046)	11/14/2010 8:50:28 PM
From: Madharry	Read Replies (1) \| Respond to of 78748

I dont see how you can talk about normalized earning for a tech company. It seems to me that they are always in a position of haveing to develop and market new products or their margins decline over time and likely their sales too. think Polaroid, Xerox, Motorola, to name a few. Even Kodak its very sad. Now we see over and over again what happens when a city becomes dependent upon one industry or company that goes into a downturn. There doesnt seem to be any return to normalized earnings.