“Cisco Systems posts lower profit, but beats views”
By Daniel at 4 November, 2009, 6:27 pm
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That’s the equivalent of setting the bar at three feet and exceeding that hurdle. Big deal, expectations can always be lowered enough so that they can be surpassed.
More importantly. this poster child stock of the late 1990’s stock MANIA is a perfect example of the disaster which overtakes investors by trend following.
This stock peaked in 2001 at $82. Today, it is $24 yet it is still absurdly overpriced. The stock has never paid a dime of dividends or an absolute pittance and after almost 10 years, most long term stock holders are in the red big time.
- EM
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