Thanks for the inputs, Management seems to keep debt to reduce Tax exposure. The business does not seem to need additional debt. They are not investing or growing fast. Debt is good if there is a good capital allocation which i can not really see… what am i missing here?
I am researching this company (1) Business in good and can steadily grow. (2) Cash positive but concerns are (1) seemingly unnecessary debt (2) Slow growth (3) people Intensive - Not some of liabilities.
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