Cisco stock is going up and being raised. Unsure any of this is due to action by Cisco or just pent up COVID demand and boatloads of cash printed by the Feds... I expect back slapping and smile for 12 months.
4 replies (most recent on top)
Prepped for a lot of high level management promotions.. Rest of us have those aluminium begging plates high in the air tho right..
Yeah well, bond rates at historic lows and a few trillion printed by the Fed in the last year or so, with many more to come. It’s a bubble, people.
Treasury rates are at all–time lows and inflation is high. The only way to preserve purchasing power is investing in the stock market. Pushing up stock prices of companies that are stagnant.
Cisco stock was so beat down at the time where the indices were at ALL TIME HIGHs pushed the stock into the technology "value" category that caught the eye of value investors and hedge funds. Nothing to do with Chuck's horrid performance with 9% sales drop and failing to take advantage of the work from home trends that Cisco was well positioned for. Big talker but his execution sucks. Just look at how many people are leaving to greener pastures. Pick a team, any team and people are leaving.