Appreciate your detailed post.I keep thinking about the points below, sharing with the hope that you may share your thinking around these aspects:
- B/S drowns with cash [Sep 2023: 70% of Tot. Assets], but mgmt. does not act to grow the topline at a better rate. In a time frame of up to 5Yrs., OPM expansion has covered for the anaemic (single digit) sales growth.
- How long earnings growth can sustain in this fashion?
- How do they intend to solve the problem of too much cash?
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