Out Fox The $treet

This article is a continuation of a monthly series highlighting the top net payout yield stocks that was started in June (see article). The series highlights the best stocks for the upcoming month. Net Payout Yields Defined The net payout yield is the combination of the dividend yield and the net buyback yield added together to calculate the yield returned to shareholders. The net buyback yield adds stock repurchases and subtracts shares issued. The yield is calculated using the amount of buybacks over the last four quarters divided by the current market cap. Read the full article at Seeking Alpha. Disclosure: Long COP, GS, KSS, MSI, and WLP. Please review the disclaimer page for more details. 

According to a Gleacher analyst, Cisco Systems ( CSCO ) is expected to cut about 5,000 jobs  in August. That would be a massive 7% workforce reduction for a company with roughly 73,000 employees worldwide. According to the analyst, that reduction would be similar to large cuts the company took back in 2001 and 2002. Clearly those cuts were successful, or at the very least didn't preclude CSCO from being a dominant tech company in the 2000s. Read the full article at Seeking Alpha.  Update: According to Bloomberg and other sources the job cuts might actually approach 10,000 or double the original estimate. That number is even scarier as the problems are larger than originally thought. Productivity will be disrupted in a major way with that many people cut. Disclosure: Long CSCO and RVbD in client and personal accounts. Please consult an investment advisor about your individual position. This information is for informative purposes only and should not be construed as p...