Listened to the conf call.
Basically, the business is a high NFAT one (and being decently profitable) and therefore generates more cash than regular business can utilize. Thus, it is imperative that the management shows a sense of urgency to deploy this cash which seemed missing. The last few calls, the updates have been static on this front. Management wants to buy cheap, which is good, but waiting for it too long is also a cost which management doesn’t recognize.
Else, their response to every question was generally non-committal barring they will outgrow industry.
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