I thought you might be thinking that. I wonder if Bob is nervous about taking on debt because they finally got out of some toxic debt a few years ago and had to personally back a short term loan they got a year or two ago. So they may also not really have that great of standing with banks that would be willing to lend them the millions of dollars it would take to make a difference. After years of losing money, I'm sure it's easy to be conservative once you start actually being in the black and not want to take on the risk. The conservatism certainly risks holding back growth though.
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