Quoted from Zablon:
I'm curious to your reasoning for buying Cisco, I've been hearing nothing but negatives about it lately.
Lots of cash, little debt, PE of 16, yield of 3.27% and at a 52 week low.
Quoted from ovfdfireman:
Within the Dow, six stocks hit new lows Tuesday and no stocks hit new highs. The new lows were shares of Pfizer Inc. (PFE), Walgreens Boots Alliance Inc. (WBA), Exxon Mobil Corp. (XOM), 3M Co. (MMM), Cisco Systems Inc. (CSCO) and Chevron Corp. (CVX). All worth at least taking a look at, why and when it is best to buy an oversold company. None of these companies are going out of business anytime soon. I am guessing this might be part of the reasoning, but curious as well trekkie1978
The stock market is cyclical...not only is the market cyclical, but sectors of the economy are cyclical. Hot stocks never remain the hot stocks and cold stocks never remain the cold stocks.
I just loaded up with 3,000 shares of Exxon, 1,000 shares of Cisco, additional 2,000 shares of First Solar, 3,000 shares of Conoco Phillips.
What do all these companies have in common? They are huge, massive companies. Some of the biggest in the world. Most pay a dividend. And all are at 52 week lows.