RE: CISCO vs WINHi Z. (We haven't touched base for a while, but I've been following your posts.)
"While I agree that many good things are anticipated for WIN in the next couple of years, the market backdrop will be considerably more subdued resulting in accompanying lower valuations."
Maybe YES, maybe NO... I believe the effect the baby boomers and the demographics have had on the markets over the last 2 years will continue at least for another 10 years or so... I see no other alternative... We are at the begining of a huge long term upswing fuelled by advances in technology (with no end in sight), and further compounded by the huge supply of money from baby boomers that will feed this growth...
Besides, I hope you noticed, I cut the estimate down from $2,500 to $1,000 by almost 1/3... so that should account for the anomaly you're refering to -- if you're correct.
Time will tell.