These clowns haven't grown in years, rather have shrunk for years. They are probably spending 4% of revenues just to be a public company. Since sterling runs this company like its private, the firm should just take itself private so we can all stop wasting our time on this POS.
Is there a law that you must grow to be public? I must've missed it if so.
Though the company hasn't grown in a couple years they have been fighting multiple end market headwinds. They've also had some very promising success in general LED lighting, camcorder charging, and power solutions with Intel and AMD. The computer business grew nicely this quarter and the TV biz held in despite a tough backdrop.
I'd give management a vote of confidence for stewarding shareholder capital effectively and conservatively. They've done particularly well in down cycles. I like the fact that they keep a lot of cash around because I think it helps them win business. They could be a bit more aggressive buying back stock but that's a fairly small issue in the scheme of things.