farnamstreet Posted October 24, 2011 Share Posted October 24, 2011 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? Link to comment Share on other sites More sharing options...
Guest Hester Posted October 24, 2011 Share Posted October 24, 2011 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 Link to comment Share on other sites More sharing options...
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