yes it could be, however what is done with the proceeds if it ever happens makes the difference. THE MAN HAS MADE IT PERFECTLY CLEAR TO ALL OF US THAT DILUTION WILL NOT HAPPEN IN THE FORESEEABLE FUTURE. It happened in the past for 2 things. Expansion to 2 new locations and advertising. END OF STORY.
didn't buy a house, car, airplane, new shoes for his wife, or baby crib for his new baby. HE EXPANDED HIS BUSINESS!!! Imagine that!