Once upon a time, tech stocks were hot. They eventually crashed back to earth, only to rise again and lead this bull market. The survivors of the dot-com era clearly did something right, and Cisco Systems (Nasdaq: CSCO) is a great example. While shares trade much lower than the March 2000 high of $82, the stock has come a long way from the October 2002 low of $8.12. During that comeback, the company has made itself stronger, has become essential for making the internet work the way it does, and has become a powerful income stock in the process. #-ad_banner-#It’s… Read More
Once upon a time, tech stocks were hot. They eventually crashed back to earth, only to rise again and lead this bull market. The survivors of the dot-com era clearly did something right, and Cisco Systems (Nasdaq: CSCO) is a great example. While shares trade much lower than the March 2000 high of $82, the stock has come a long way from the October 2002 low of $8.12. During that comeback, the company has made itself stronger, has become essential for making the internet work the way it does, and has become a powerful income stock in the process. #-ad_banner-#It’s probably hard to find an investor who hasn’t heard about Cisco — and yet, many people don’t know what, exactly, Cisco does. I think there are a couple reasons for that gap. One is the highly technical nature of Cisco’s business. The other is the wide variety of products and services Cisco makes. But all of its products, all of its services, all of the changes Cisco went through over the years, they all have something in common: They all connect people. And because the world is becoming even more interconnected, Cisco’s work is never finished. The company builds products… Read More