11-13-2013, 08:17 PM
(11-13-2013, 04:56 PM)hendi_alex Wrote: Good thing you held off the other day!
I'm glad too! 10 percent down after hours feels like a real over-reaction, don't you think? They missed by a couple of pennies. By my count, they will still have grown earnings by about 18 percent from 2012 to 2013 -- hardly shabby.
I've read two short articles about the announcement, and I didn't see anything so scary that would account for such a big hit. Did I miss something?
I guessing that by morning cooler heads will prevail and the damage won't be nearly so bad as after hours. If it does open down very hard, might be just the right moment for me to initiate a small position after all. At $22.00, CSCO would be yielding 3.09 percent -- its highest level since initiating the dividend in 2011.