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Gbathat

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Gbathat

Re: None

Wednesday, 11/08/2017 10:10:02 PM

Wednesday, November 08, 2017 10:10:02 PM

Post# of 365660
Anyone looking at calls on CSCO in light of tax reform?

They have 37 percent of their market cap overseas, which could flood back in the form of dividends and buybacks under forced repatriation at discounted tax rate

https://www.cnbc.com/2017/09/26/goldman-these-companies-are-headed-for-a-big-tax-break-on-overseas-cash.html

https://www.cnbc.com/2016/12/07/cisco-ceo-if-we-could-repatriate-wed-do-a-combination-of-dividends-buybacks-ma-activity.html


That would be in addition to reduced corporate tax rate on profits going forward

Current p/e is not as absurd as some other stocks

Seems like a sleeper with huge upside if reforms passed

Just not sure how long to place the call

God grant me the serenity to deal with the things I cannot change; courage to change the things I can and should; and wisdom to know the difference.

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