[turtlesdown11]

> A strong cash position business like that is effectively a finance sort of business

You are conflating companies that make a lot of cash (and therefore can afford debt service) to a company that has limited cash flow, but has a large pile of cash.

The shareholders would be best served by a special dividend of the cash. Management has shown zero ability to grow a business.

[trollbridge]

In this case, the shareholders don't want a special dividend and prefer to own a company that has a strong cash position. There is nothing at all wrong with shareholders choosing that.

There are plenty of other stocks to invest in if one wants a highly-leveraged company that is trying to grow really fast.