Cisco - let's go back to memory lane
Did Cisco and Sisqo peak at the same time?
Remember that shitty song the Thong Song? Yeah, me neither. Kidding, that 2000 delight is now in your head and you have yours truly to thank. You’re welcome.
Ironically, these two close names share a brief history of literally peaking at the same time, yet to quickly fade. Cisco created bag holders for years to come while Sisqo left spring breakers getting friend zoned without that musical gem to get the ladies to go wild. Looking back, you also had notable dirt bag, Joe Francis, getting rich off young women with his infamous Girls Gone Wild videos. Imagine loading up on Cisco stock prior to peak, heading to Cancun or another shitty spring break destination with your boys. Tops flying off the ladies without a cell phone in sight. You didn’t know it yet, but this as good as it gets. What a time to be alive.
I’m going back to the late 90’s on this chart so we can see the destruction firsthand. You can see a Head and Shoulders here which is cause for concern. On a yearly chart, it’s below all major moving averages (20, 50, and 200). All in all, the technicals don’t look good but this a fundamental story.
Fundamentally, you have a, dare I say it, blue chip stock that you can buy on a dip. The company pays a nice dividend, participates in buybacks and has a healthy balance sheet. Cisco hasn’t performed well post earnings but I’m okay with getting paid while I wait, especially with interest rate cuts in the near future. You have a few scenarios here, economy stays wrong with little to no interest rate cuts and you get a rise in share price. Or, economy takes a dump and you get multiple interest rate cuts and investors come to Cisco for yield and a safe haven. Lastly, market takes a complete dive and I would rather be in value than growth.
I am not an attorney, accountant or financial advisor, nor am I holding myself out to be, and the information contained in this post is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation.
Remember that shitty song the Thong Song? Yeah, me neither. Kidding, that 2000 delight is now in your head and you have yours truly to thank. You’re welcome.
Ironically, these two close names share a brief history of literally peaking at the same time, yet to quickly fade. Cisco created bag holders for years to come while Sisqo left spring breakers getting friend zoned without that musical gem to get the ladies to go wild. Looking back, you also had notable dirt bag, Joe Francis, getting rich off young women with his infamous Girls Gone Wild videos. Imagine loading up on Cisco stock prior to peak, heading to Cancun or another shitty spring break destination with your boys. Tops flying off the ladies without a cell phone in sight. You didn’t know it yet, but this as good as it gets. What a time to be alive.
I’m going back to the late 90’s on this chart so we can see the destruction firsthand. You can see a Head and Shoulders here which is cause for concern. On a yearly chart, it’s below all major moving averages (20, 50, and 200). All in all, the technicals don’t look good but this a fundamental story.
Fundamentally, you have a, dare I say it, blue chip stock that you can buy on a dip. The company pays a nice dividend, participates in buybacks and has a healthy balance sheet. Cisco hasn’t performed well post earnings but I’m okay with getting paid while I wait, especially with interest rate cuts in the near future. You have a few scenarios here, economy stays wrong with little to no interest rate cuts and you get a rise in share price. Or, economy takes a dump and you get multiple interest rate cuts and investors come to Cisco for yield and a safe haven. Lastly, market takes a complete dive and I would rather be in value than growth.
I am not an attorney, accountant or financial advisor, nor am I holding myself out to be, and the information contained in this post is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation.
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