For those who think CSCO is dead meat, whats with the stock price going to unreal heights? Do we sell or continue the wild ride?
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Back in the late 90s CSCO stock was splitting on average every 6 months and reached a peak at around $200/share. Every single employee, down to the mailroom, got stock option blocks every year. Now THOSE were the good ol' days (and I miss them)!
I sold a chunk yesterday at $58.60 because I was worried that today would be a pullback - I was wrong. Pity I sold a bloody heap of them 3 years ago.
You can comment on cisco's stock at StockJury.com
https://stockjury.com/CSCO
We used to go up $2-5 almost EVERY DAY. Good times.
Check out Palo Alto Networks stock. It shot up 18% today due to phenomenal company performance. Compare this to our security business growth. Sad.
Interest rates are zero percent. Pension funds & retirees need to generate income, and Cisco's 2.5% dividend is looking good. Also 0% interest rates is free money for more stock buybacks and acquisitions.
The stock will continue to rise if treasury rates stay at historically low levels.
Shareholders love when you reduce headcount, that's the most expensive part of doing business.
- Cisco is about average company. Not bad
- Market, in general up for last year
- Cisco was trailing average tech stock gains in 2020 but doing better in 2021. Over all it is average. Typical growth companies do not pay dividend. Cisco is not growth company, they pay good dividend.
Sell if you need money, or want to invest in risky stock (but possibly high return). If you wand average portfolio growth as market, keep it. Dividend is good.
This is a wild ride?? God damn. this is a crawl compared to the market. Don't get me wrong, I'm thrilled we've climbed from ~54 to nearly 60 this past week. But my god, what else have we lost out on holding onto CSCO these past 4 years?