Buying Cisco (CSCO) Before the Train Leaves The Station
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After starting the day off slow, the Barron's front page story on Cisco Systems, Inc. (Nasdaq: CSCO) is giving sideline watchers the courage to buy the stock.
After opening up just 0.7 percent higher, the stock is now up 2.6 percent.
For as long as memory serves, smart investors know that Cisco has always been a buy under $20 per share. The Barron's story appears to have lit a fire under this camp to start buying before the train leaves the station.
Trading at just 12x FY11 EPS estimates, valuation appears cheap as Barron's pointed out.
After opening up just 0.7 percent higher, the stock is now up 2.6 percent.
For as long as memory serves, smart investors know that Cisco has always been a buy under $20 per share. The Barron's story appears to have lit a fire under this camp to start buying before the train leaves the station.
Trading at just 12x FY11 EPS estimates, valuation appears cheap as Barron's pointed out.
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