Maybe some clues in the recent shareholder meeting transcript... nothing concrete but there was mention at one point of policy to return half of cash flow to investors, as well as the fact that csco has been lobbying for over a decade to ease the repatriation tax rate. CEO also said hoping to see something in a few weeks when asked about tax reform. I thought that was weird given that tax reform could be signed as early as next Wednesday... perhaps he was hinting at an announcement by Cisco... just speculation on my part.
Splitting profit over the new year could be advantageous from a tax perspective for investors.
My hope is they announce a buyback before end of CY... they,ve certainly been anticipating repatriation for a long time.
Hopefully they throw more than 50 percent of the overseas cash into the buyback, or include a dividend too. Even 50 percent of 70 billion is a big buyback though, given that market cap is 190B.
A guy can hope. I bought some calls for mid Jan.
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