Each month, I publish a "Spotlight Stock" that describes a company that we own and why we like it.  The purpose isn't to provide a 'hot tip' or promote a company, but to help investors understand our investment philosophy.

This month, the Spotlight Stock is Cisco Systems, Inc., the largest maker of computer networking equipment.  Once the posterchild of internet excess in the late 1990's, Cisco has enjoyed excellent business results, but the stock has done poorly as valuations normalized.

Read the Spotlight Stock here.