If you assume that, conservatively, they could get just 20% ROI on their money, every month that their cash sits in the bank idle is 2.8 million of net income that they could have been earning. That is an additional $8.4 million in net income per quarter. That is huge money.
As frustrating as it is that they don't seem to have any plan for what to do with their money - it is also a potentially earth shattering catalyst. So, I guess as dandude put it - patience. CCME seems to want to give very taxing quarterly lessons in that virtue.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.