It looks like a case of management saving money for a rainy day (not a bad idea in this economic environment). While a dividend would be a good reward for shareholders, having such a large amount of cash on hand could really launch the company, if used wisely. I personally would like to see a split of both, but I can also see how this could set the company on the path to massive success. The projected cash remaining after allocating to all other projects still exceeds our current MC.
IMO DYOR
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CZR "FOMO", page-327
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