Your take on Cisco is spot on. The stock was definitely written off as dead money for years, but the fundametals were still strong. What I think people missed was their pivot toward sofware and recurring revenue streams. At $48 it was trading at such a low multiple compard to peers, especially when you factor in their cloud and security growth. Nice call on that one.
Your take on Cisco is spot on. The stock was definitely written off as dead money for years, but the fundametals were still strong. What I think people missed was their pivot toward sofware and recurring revenue streams. At $48 it was trading at such a low multiple compard to peers, especially when you factor in their cloud and security growth. Nice call on that one.
Agreed. That’s the most important factor. What is a company doing to pivot.