This company (I know which one it is) is a free cash flow machine (even after spending a fortune on R&D) that can very easily start paying a real dividend. It has a very strong balance sheet, too, with cash and cash equivalents exceeding the amount of its long term debt. If I am looking at this company, I see a terrific business, but with a management team that is not aligned with its shareholders. Which underscores your point about a board of directors basically falling down on the job. Why are they hoarding all this cash instead of paying more of it out to shareholders?
This company (I know which one it is) is a free cash flow machine (even after spending a fortune on R&D) that can very easily start paying a real dividend. It has a very strong balance sheet, too, with cash and cash equivalents exceeding the amount of its long term debt. If I am looking at this company, I see a terrific business, but with a management team that is not aligned with its shareholders. Which underscores your point about a board of directors basically falling down on the job. Why are they hoarding all this cash instead of paying more of it out to shareholders?