haha
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Some really big tech companies with heavy market dominance but widely perceived challenges seem to me to be among the cheapest stocks in America. They are financially strong, have huge cash hoards and steady cash generation, and they are beginning to pay out some of this to shareholders. Last fall Cisco CEO John Chambers said CSCO will begin a dividend in fiscal 2011, which means pretty soon now. At the time he said it will be 1-2% initially, and the exact amount would depend on amoung other things congressional action or dividend tax rates. So the tax news was positive, and if they pay 2% (at that time the stock was a little over $20) that shoujld give about a $0.10 quarterly dividend. We can't know if they will increase it regularly as microsoft has done, but if so this will quickly turn into what seems like a pretty safe and not overpriced income grower type of holding.
Cisco sells only ~15% above where it did at the bottom in 2009 ($17), so it certainly has not been going crazy here.
My question is directed especially to people who may work in that industry, or especially to Cisco customers in switching and router markets- do you see any competitive threats, and how do you assess Cisco's chances of repelling invaders?
Ha
Cisco sells only ~15% above where it did at the bottom in 2009 ($17), so it certainly has not been going crazy here.
My question is directed especially to people who may work in that industry, or especially to Cisco customers in switching and router markets- do you see any competitive threats, and how do you assess Cisco's chances of repelling invaders?
Ha