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Cisco: Buying on Weakness
By Mark Evans | November 19, 2007
On the heels of a disappointment sales forecast, Cisco Systems has decided to double its share buy-back to program to $10-billion - or potentially 6% of the company’s outstanding shares based on the current stock price.
A Bloomberg story on the buy-back plans, includes this juicy quote from Standard & Poor’s analyst Ari Bensinger:
“The company is never going to be a sexy growth story. It’s going to be a dependable, stable, mid-teen-earnings growth type of company” - sort of what Nortel strives to be, don’t you think?
Topics: Stock |
November 19th, 2007 at 4:22 pm
“…sort of what Nortel strives to be, don’t you think?”
Hahahahahahahahahahahahahah!
ROTFLMFAO