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March 5, 2008
Cisco: Comfortable with its Investors' Uncomfortableness
Earlier today Cisco's John Chambers delivered one of his usual up-with-us sweet nothings, saying that he is increasingly comfortable with Cisco's long-term growth rate. That's nice. Too bad that we're paying 18x earnings for 11% year-over-year growth.
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To each his own. Income was 5.5b last year, this year ending January is was 7.3b. How did you get 11% Two quarters or so Chambers moved the eps growth up closer to 20..and he appears to be beating that. Topline revenue growth was I think 22%. So you are essentially paying less than 1x the growth rate....seems cheap to me and im buying.