You make an excellent point that gaining access to this cash will cost us 0.4 cents per share in profits. Sams is pretty frugal when it comes to management of cash and credit, so they must be getting something pretty good for him to part with 0.4 cents in profit.
Their inventories and prepaids grew pretty substantially from Q4 to Q1, and that hit their cash.
I think we are seeing very substantial growth in this business -- growth that is not yet being reflected in the PPS. It is the kind of growth that pinches a bit in terms of cash and cash flow. But this is a good problem to have.
I'm glad I added so many more shares.
Where will we be in 24 months? I don't think we will be mucking around down here at $3 or $4.
News 
Market Data 
Discover 
