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Riddle me this .... CSCO


farnamstreet
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When Cisco Stock was >$20 a share, Cisco management was buying back shares.

 

So when Cisco stock dropped to $15 why didn't Cisco repatriate some cash, even taking a 30% tax haircut, this still would have made sense from a shareholder view.

 

What am I missing?

 

They suck at capital allocation

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