With reference to my post about Cisco in August, I think it’s time to ring the register. I still think Cisco is a solid company, and CSCO the stock may not be done with its rally. However, having just ended the trading day at $18.64, I think it’s close enough to my $19 fair value estimate. From the August 10th closing price of $13.68, that’s a 33% gain. Not spectacular, but not bad considering we’re talking about 11 weeks time and a $100 billion mega-cap stock.
Victor K. Lai, CFA
Victor Lai, Bellwether Capital Management LLC, and/or its clients may own shares of CSCO. This blog is for informational purposes only. Nothing on this blog constitutes investment, tax, or legal advice. You should conduct proper due diligence and / or consult with professional advisers before taking any investment action.