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CSCO
#1
Anyone thinking about buying CSCO today? Down 10% in the last 24 hours.

BLTN
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#2
Yes, adding to my position right now. The internet will be around for long, and the internet won't work without Cisco, at least not the way we know it. Smile
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#3
Rasec

Great minds think alike. I had been waiting for a pullback. I purchased 66 shares.

BLTN
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#4
(05-18-2017, 09:45 AM)Rasec Wrote: Yes, adding to my position right now. The internet will be around for long, and the internet won't work without Cisco, at least not the way we know it. Smile

I think that's a pretty flawed way of looking at it. That's like saying you can't have a mobile phone without Apple or that you can't have a car without Ford building it. Cisco is just one company among many others (even if it is the largest) that works with network technology.
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#5
(05-18-2017, 11:13 PM)crimsonghost747 Wrote:
(05-18-2017, 09:45 AM)Rasec Wrote: Yes, adding to my position right now. The internet will be around for long, and the internet won't work without Cisco, at least not the way we know it. Smile

I think that's a pretty flawed way of looking at it. That's like saying you can't have a mobile phone without Apple or that you can't have a car without Ford building it. Cisco is just one company among many others (even if it is the largest) that works with network technology.

I wouldn't definitely put Ford and Cisco/Apple in the same sentence... ever!!  Rolleyes Rolleyes (when was the last time Ford announced anything close to being innovative?)

You are correct, but Cisco sits in the forefront of innovation and technology in this front, they have way too much money (mostly parked oversees) and are making strategic acquisitions to continue to stay in the forefront. Yes, the internet will still need routers and switches and hubs and all that good stuff, but Cisco is also moving to other lines o business as well, like software (saas), security, AI/ML, etc. 

Earlier this year Apple was trading at $92 and being bashed in this forum as a dying company... 3 months later it's trading at 52 weeks high. Maybe Cisco will follow a similar pattern, maybe it won't. In the interim I'll collect ~3.5% dividends while I wait and see.
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#6
(05-19-2017, 12:01 PM)Rasec Wrote:
(05-18-2017, 11:13 PM)crimsonghost747 Wrote:
(05-18-2017, 09:45 AM)Rasec Wrote: Yes, adding to my position right now. The internet will be around for long, and the internet won't work without Cisco, at least not the way we know it. Smile

I think that's a pretty flawed way of looking at it. That's like saying you can't have a mobile phone without Apple or that you can't have a car without Ford building it. Cisco is just one company among many others (even if it is the largest) that works with network technology.

You are correct, but Cisco sits in the forefront of innovation and technology in this front, they have way too much money (mostly parked oversees) and are making strategic acquisitions to continue to stay in the forefront. Yes, the internet will still need routers and switches and hubs and all that good stuff, but Cisco is also moving to other lines o business as well, like software (saas), security, AI/ML, etc.


Now that's a very different (and much better) reason for buying. It's not that "the internet needs Cisco" but rather that you have estimated that in the future they will have an advantage over their competition with their balance sheet, diversification and their upcoming technologies.

Hope it works out for you. Personally I try to stay away from these more mature tech companies but that's just personal preference.
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