Could Cisco Systems Be a Millionaire-Maker Stock?
Cisco Systems' (NASDAQ: CSCO) stock surged to dizzying heights during the dot-com bubble that ran from 1995 to March 2000, generating millionaire-making returns for investors before its valuations overheated and the stock plummeted.
Cisco still hasn't recovered its dot-com bubble highs 20 years later. Instead, Cisco's valuations cooled and it became a mature blue-chip stock that was owned for its stability and dividends instead of breakneck growth.
Cisco stock generated a total return of about 175% over the past decade, thanks to the stability of its market-leading networking hardware business. It also continually reinvested its cash into dividends, constant buybacks, and a steady stream of acquisitions.
Source Fool.com
