NEW YORK ( TheStreet) -- One of the biggest challenges for investors has always come when trying to assess the investment worthiness of stocks that are already trading at higher multiples. Not only does this get complicated when one does not already have a standard for what represents "value," but it gets a bit more problematic when the investor is not yet certain of his/her objectives -- whether growth, income, or for that matter, value.
In these situations, a market-beating portfolio often comes down to finding the right balance of all three. As enamored as I have become with tech stocks, I will conceded that it is rare to find such a balance, particularly when the added bonus of dividend is thrown into the mix.
For that matter, recently the prevailing question has been, is it possible to find a technology stock that trades at a multiple that would be considered "reasonable," pay out enough of its earnings, offer excellent growth opportunities and to top it off, offer yields that would interest dividend-growth investors?
How's That Going to Happen?"The great one," Wayne Gretzky, once summarized his success by suggesting that "a good hockey player plays where the puck is. A great hockey player plays where the puck is going to be." It seems Gretzky understood the very important investment premise of forward-looking and anticipating trends. And this is a quality that Cisco is starting to demonstrate today more than any other company in the stock market. A perfect example of this was when it recently
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