If I thought Cisco was going to grow 40 percent for one year, I would never pay two-plus the growth rate. But if I thought it was going to be a five-year deal, I would.
More Quotes from Hugh Johnson:
It injects some uncertainty. The worry is the Chinese economy will slow too much, and that will send markets down worldwide.Hugh Johnson
Sometime managements are the ones that make the mistake and think they're the ones that are going to survive. They have no perspective and don't understand that sooner or later they're going to go away.
Hugh Johnson
Most investors are waiting for the employment report, because along with the ISM services and manufacturing reports, it gives us the first solid news about the economy in March.
Hugh Johnson
The earnings picture is really good now, but, you know, enjoy it while it lasts. Third and fourth quarters of this year are going to be much, much tougher earnings seasons, primarily because analysts are not reducing those estimates and the comparisons are going to be very, very tough,
Hugh Johnson
The markets are moving to more reasonably reflect expectations for what lies ahead in 2005.
Hugh Johnson
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