Jim Cramer Explains Why Cisco Systems is a Buy

Cisco Systems: A Stock Worth Buying

• 💡 Jim Cramer advises against investing based on irony, specifically regarding Cisco Systems' stock performance.
• 🎯 He highlights that Cisco now trades at 19 times earnings, a stark contrast to its peak valuation around the year 2000, which was estimated to be between 100 to 150 times earnings.

Cisco's Performance and Leadership

• 📈 Cramer points out that Cisco's stock is up 60% since the end of March 2000, including dividends.
• ✅ He commends CEO Chuck Robbins for the company's major comeback and strong performance, noting a 34% increase in stock price this year, which is considered a win in the tech sector.
• 💬 Cramer believes that despite some perceptions of stagnation, Cisco is a stock that investors should own.

Upcoming Discussions

• 🗣️ Cramer mentions an upcoming club meeting that might be influenced by an interview with David.
• 🎬 He also briefly touches upon his decision to no longer own Disney stock, indicating that Mickey Mouse might be a topic of discussion.