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6 pts

Opinion on  Cisco Systems Inc (CSCO)     Sector: Technology  >  Industry: Computer Peripherals
CSCO fundamentals are good for a 1 year pick

Aug 02, 2008 03:58 AM UTC
Ry_3d320
Return Risk
-35.16% MID
Sr. Analyst

Fundamental Analysis  

After my initial examination of the books on CSCO I am confident that it will be a winner long-term.  To further re-enforce this notion I took at look at the technical side of things to.

Worst case scenario is that CSCO finished off this gigantic-looking head and shoulders it's been coming down off of since early August 2006.  That being said the lowest point it looks to be capable of hitting is around $17.50/share.  Certainly a significant downside potential but I don't think it will get anywhere near there.

As per my usual rule of not waiting for the stock to hit the bottom I've picked (unless I'm doing a short swing on a trend), I have decided now is a decent time to take up a position in this company. 

CSCO:  This call was made on 08/02/08 @ $22.07
Rating:   Positive   $22.07 (08/02/08)
Closed:   09/03/2008 @ $23.545 (+6.68% in 32 days)
Target:   $31.00 (+40.46%) in > one year


Comments (2)

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fas831   42%     1 point   commented 111 days ago reply

what kind of technical examination did you do? DCF? and if so what was your growth rate and for how long?
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Ry_3d320
coreadrin_47   46%     1 point   commented 109 days ago reply

usually most of my tech is visually based - i.e. picking swing ranges and head and shoulders, trends etc. It's looking for a bottom right now, and I'm hoping a strong enough support comes along (maybe 20.00 even) to hold through earnings, which should be strong. They are on par to beat last years earnings. CSCO trades in big swings anyway and even if it doesn't hit 31.00 in the next year I should see 4-6 dollars a share.

P.S. DCF if more of a fundamental analysis.

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