What was today's big selloff about--especially in the after- and pre-market time slots? Just maintaining the stock's normal P:E and assuming the projected earnings for $2-plus in the year ahead pan out puts us in good stead not to mention the dividend. There is frequently a dip around earnings announcements for this company but is that just people getting suckered in every quarter lately? I'm not a flash trader and don't play that game---too risky for me! I'm assuming that most of the posts here are professional (I'm being polite!) posters who just use the board for non-CSCO stuff and those interested in CSCO are small fry like me. Since last summer the trend has been very good for us and I think that things are actually going to get better. The company is very strong financially and very secure in terms of viability and growth. The internet keeps expanding into everything that I do and creates more things that I want to do and can do. If you believe in the internet then I think that this is one company for the long haul and a big haul at that. Anyone think similarly?
Csco's plan is to be the number one IT company in the world. They are just getting started, this is inning one. 10% y/y earnings growth, ton of cash, with real high growth in nearly all IT divisions 30-100%. The one slow area is routers and switches and I for one wonder if that division could be spun off. The rest of the company is growing revenue like a start up. There were at least 4 upgrades today, with only one with a pt of 27 which is where I felt they should be.