I read a message from somebody who said that if
one buys 1000 shares of CSCO today, within 5 years
they would have over 1 million dollars. I did the
calculations and he/she was correct. I did my calculation
based on one of its below average years, assuming it
will have 5 consecutive years like it. I am losing
confidence in LU also although I would never sell. It is
hard to argue with history though. My wife wants me to
sell also and buy CSCO but I insist on holding because
I have a gut feeling about this stock. CSCO buys
its technology anyway. Lu creates it. What do you all
LU has a direct stock purchase plan and a great
DRIP program, which makes it very easy to invest in
this company. I began contributing $100 a month in
early 1997 and this has turned into holdings worth
almost $10,000. CSCO may have out-performed LU, but
there are companies that have out-performed CSCO --
it's all relative. Anyone who has been in LU for any
amount of time has made a good profit and has a great
future to look forward to.
And while we're on
the subject, what urge do you fulfill by posting the
message you did? You offer nothing constructive or
informative, and actually make yourself look rather stupid.
Have a happy holiday regardless.
Let's be honest here. We all know that "past
performance is no guarentee of future returns..." We've heard
this so many times, we ignore it. We also know that
this last decade is one of the best for the market and
the economy as a whole. Now figure in the
unjustifiablely high prices CSCO has been bid up to the point
where the company's next several years of earnings
increases won't bring the PE to a reasonable valuation. All
this boils down to one thing. If you're buying now,
you'll paying top dollar for a company who's present,
and near term future, earnings don't justify the
price in the hope that momentum will keep the price
rising. If you sell you LU to buy CSCO, you will be
giving up a well diversified company with equally good
earnings potential, in broader markets, that is already
placed well with their customers and has a better
valuation. Ask yourself if you're doing this because you're
doing well, or because you think you will do better.
You have a good company in LU and the PE is
reasonable and the overall returns are very good. Aren't you
really looking to kill the goose that lay's the golden
eggs in the hope of getting all the eggs at once?
Avoid greed when making investment decisions. Decide on
the basis of value instead.
> I read a message from somebody who said that
if one buys 1000 shares of CSCO today, within
> years they would have over 1 million dollars. I
did the calculations and he/she was
This would require an investment of $102,500. For 1000
shares of LU at $75.5 ($75,500 investment), you could be
more than a millionaire ($1,669,000) based on LU's
gain the last 3 years (85.74%). Which is the better
and make your wife happy. I know own 850 sares of
Cisco....has been a great investment.
oh yea, I also
own 2500 shares of LU. This has also been a great
LU is like the terminator it just says "
We ought to make make that our
motto on this board.
I hold both, they are BOTH excellent companies.
IMHO, and if history repeats, there will be yet another
Lucent split in April, just as there was in April of 98
and April of 99. Hopefully, this will again