The 'problem' with this company is, despite the cash distribution, they still have way too much cash. With growth at current rates, it's going to be some time before earnings are into the high six figures which is peanuts relative to the 39M war chest. It's back down below both my later selling points now and I think the same argument I made when I sold applies...below cash there's minimal risk, but without market froth, the upside is also small. If they were to return another 30-35M, well that would be an entirely different matter.
Still a better home than the interest rates on cash on my ISA though so I expect I'll be buying a few soon.
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