Hoots as you know it is imperative that any business reinvests profit, without reinvestment the business will cease to be profitable and or exist.
If a company were to allocate all profits as dividends, many would see this as reckless. I'm all for high % of reinvestment at the start and then dividends latter, it makes for a much better company but this is my opinion only and could be completely wrong... How else will CDU reach 30 year LOM.