Why are you setting your sights at $22? There are 5 analysts with targets at $26 and S&P has $27. There is no reason csco shouldn't revert to $22 in the next 2 weeks from this oversold level.
A bullish investor could look at CSCO’s 29.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental data investors should investigate (if they are bullish) is its dividend history.
OVERSOLD TIME TO BUY
Sentiment: Strong Buy
Dr., Actually IBES earnings are: $1.98, $2.08, $2.24
Smart money is buying too cheap. Better if management buys for shareholders before the activists do. Let Icahn start at $22-23.
There are ways to use the cash, but what I'm saying is different. They already have a $15B buyback. I would increase that buyback. $15B over 12 months and an additional $35B, using 1/2 of their annual cash flow. The CFO wants to reward shareholders. I don't think he wants or needs an Icahn type to push him. CSCO has dropped into the basement. I may have to hold this a year to see mid twenty's but it's like money in the bank and the dividend pays for the wait. Of course the price may revert to the mean, especially since the value is compelling. The instant gratification traders provided a nice opportunity for long term investors to buy right. I remember how the street felt about Apple not to long ago. The value was there too. It wont take long until funds start building a position. They probably already are.
Google it. Uranium is clean.
Google it. Uranium's energy is clean.
I picked up some more today on the dip. At 15-17 X 2014 earnings, I really like this investment. Others aren't buying because Uranium scares them. Also too many people got killed with gold miners and Cameco is a miner. I like buying when others wont.
Next quarter should be good. The question is what will U prices be next year. I feel very strong about their future with Cigar Lake coming online next year.
It's all about playing it safe. If Gold holds steady or rises they may lift the temporary closure. Meanwhile they pay down debt safeguarding against a possible gold crash. If gold holds steady their profit/cash flow increases considerably. They could sell the mine to the Chinese or other groups and payoff debt too, but I wouldn't want to sell for less than Fair Value. The price to cash flow was 7X with cost savings the ratio improves and they have the mine should prices improve. Management has done a good job cutting costs, reducing their all in cost to mine. I wonder who the new investors are. Should it turn out to be a Chinese group the whole mining industry could go parabolic..