Cisco Systems Inc (CSCO)

[Gbathat]

I bought the NTAP calls around the same time as initial batch of csco calls because they also have a high ratio of overseas cash to market cap... similar to csco at that time. but it has surged already because of better than expected earnings

Unfortunately, I only bought 40 calls because I could not find anything on their plans for repatriation and thought it was riskier (and getting in now may be more so). I'm still holding 20, hoping it will surge again.

On a somewhat different note, I studied Walmart's buyout announcement in oct 2017. They announced a 20 Billion usd buyback over 2 yrs. Their stock surged 7 or 8 percent in a few days.

http://www.businessinsider.com/walmart-stock-price-20-billion-buyback-announcement-2017-10

Their market cap was a bit bigger than csco' I think they were around 240 billion at the time. Csco' s market cap now is about 190 Bil.

So best case if CSCO announced that they would put all their 70 bil overseas cash (maybe 60 Bil after 15 percent repatriation tax bill), I would expect a 20 to 30 percent surge in a short period of time, if the market responded similarly to the walmart announcement.

Variables of course include tax plan passing finish line, date of any potential buyback announcement, planned buyback amount, market cap at time of announcement, and market response.

Time will tell.