I am impressed with their solid cash position. I believe net cash is something like 225 mil.
A year or so ago I had the impression they felt they might need to dip quite a bit into their cash for capital spending to fuel their business growth.
But they aren't depleting their cash.
The bond issue they did still is a bit of a wild card from my standpoint. Trying to remember what the rationale was for that. I believe it was that it left them with a bigger pile of cash in case an attractive acquisition came up and they felt the need to pounce on it.
But I hope they just keep doing what they're doing now. The reason I and probably everyone here owns this stock is that we believe they have a proprietary technology that puts them in a unique position to be the dominant force in a fast-growing techology.