Cisco Soohey Pig Pig!!

Today's SOOHEY PIG PIG!!! award goes to Cisco which reports after the bell. Cisco beat by a penny and the stock jumped. Fact, in the last 3 years, the biggest buyer of Cisco stock, is Cisco.

Instead of making capital investments and paying dividents, companies like Cisco have been double ending the investors, without the decency of a reach around.

The buy backs, mask the dilution of shareholder equity through the exercise of insider stock options while keeping the stock price artifically high as executives quietly cash in. SOOHEY PIG, PIG!!!

Comments