Monday, November 11, 2013 9:38:56 AM
Keep in mind that even if his accounts are flush with deferred revenue, he's wise to not distribute it via dividends until he is sure he won't have to return it. As long as it's deferred, it means he might have to return it.
If non-deferred revenues start to skyrocket and the PPS does not follow suit, THAT is when I would expect serious consideration of a dividend.
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