RE:Balance sheet concerns (maybe)Of all the ridiculous things I've heard today from analysts and elsewhere, this one probably takes the cake.
Balance sheet concerns? Have you even looked at their balance sheet?
I wouldn't say it's bullet proof, but it's pretty close.
Ah! And yes! Real estate! That's really scary!
Problem is, when you're growing staff at 100 employees per quarter, you need space to but those bums in chairs. Is leasing better? That's debattable, but I think I remember management saying it was more expensive when they announced the building purchase. So, I guess you're suggesting they spend more than they need to so they can burn more cash and have less for other other, operational things, as you call them? You're not making a lot of sense, IMO.
The only thing I might agree with you on is the share buyback, I don't think it really necessary, but then what are they going to do with their money?
Buyout one of their competitors along with their inferior products? I'm not sure that would accomplish much. Way too expensive for what it would bring.
Invest in manufacturing capacity? I think they've been there and don't need to go back for at least a couple of years.
Buy an analytics firm? They already have that, along with what may very well be the best IP portfolio in the industry.
Access control? Oups! Been there too..
Cloud? Got that!.
So please tell me what they should be doing? I'm open to suggestions.