CSCO stock dropped nearly $2 per share since announcing its quartherly result and downbeat forecast last night. This morning I bought on the dip and picked up more CSCO at $17 per share. With shares trading at 10x calendar 2012 and 9x calendar 2013 estimates, and trading at less than 7x calendar 2012 and 6x … [Read more…]
With $57 Billion Microsoft is the King of Cash. Followed by Cisco and Google with $44 Billion and $43 Billion respectively. All in all, technology tops the 12 most cash rich companies with five company’s totaling $201 Billion. Owning any of these companies is considered low risk by Credit Suisse, TheStreet, and S&P. “In the land of … [Read more…]
However there is no rush to purchase at this time. Several analysts said it will take John Chambers, Cisco’s President, several quarters to reorganize the company. So I’m holding for upside surprises and may add to my position if the stock drops to $16.
Cisco is up 1.53% today to $17.26. I currently own half of my target position in CSCO and will be adding to shares here.
CSCO the biggest IP networking device manufacture is on sale today thanks to the bears. If I can get it, I will add 25% more to my existing shares giving me 75% of my target allocation for CSCO. Although the news was bad, there is a serious silver lining in this stock. My target is $24 within 12 months.
I just updated my stock orders. Now that the elections are over and the fed is printing money, I have modified my trades to the following…
Beaglefolio Buy 1/4 INTC at 19.50 Sell 1/4 CSCO at 27.50 CSCO one month chart. IRA – Retirement Buy 1/2 MO at 23 Buy CVX at 80 MO one month chart Comments: Beaglefolio INTC – IT spending, driven by aging computers and bandwidth-consuming applications for PCs and servers will provide healthy demandfor microprocessors. S&P’s 12-month target … [Read more…]
John Chambers, Cisco CEO was just on CNBC talking positive about CSCO. The stock is down 10% on no real surprise
CSCO was expected to earn 10.88 billion, they missed by .o4 Billion, a third of a percent below estimates. Yet the stock tanks more than 8% after hours.
I am pleased to pickup CSCO as such a great price. If the stock drops to $20 I will pickup another 1/4 position.