Fair enough but with current cash hoard and more cash gushing in...

Fair enough but with current cash hoard and more cash gushing in in subsequent quarters, I think we can have our cake (have enough cash-on-hand for growth development) AND make the stock more attractive with some predictable, steady capital returns. My preference would be a 5% buyback if shares are suitably low (say 30s) and otherwise (40s or higher), a moderate dividend at 5%. Everybody wins. Just feels that management is unnecessarily cagey about what to do going forward. Nevertheless, I’m not worried they’ll do anything silly. They know what they’re doing.