b>the Cisco CEO yesterday, he came across as bullet proof as the stock was walloped, in front of his eyes. He made some good points, listen up to this interview: Cisco CEO on Earnings. Stock goes down it is gut wrenching for me, he says. He, being John Chambers. And he makes some good points about their revenue growth long term, 12 to 17 percent. How many businesses do you know that grow at that sort of click, 122 billion dollar market cap. With sales of 150 billion Dollars per annum
But there it was, unusual uncertainty, the Ben Bernanke phrase that started the anxiety, in the Cisco conference call. The recent anxiety, I am referring to. Inside of the free information zone the analyst community have the stock making round about a buck eighty in earnings. And next year the very same analysts have the company making around 207 US cents. That sounds like a very healthy increase in earnings to me. But the stock traded much lower, down nearly ten percent to 21.36 Dollars last night.
So is it a buy, or if you have them do you hold out and accept that stocks in the US experience these crazy swings from time to time. Here we think that this is a buying opportunity.