<<future opportunities are limited,>> that's could be an aspect for this adaptation they are going thru. The "we are holding all this cash for R&D" isn't going to work in the future as well as before.
But also they may be feeling confident that yes they have (don't say it)---a virtual monopoly. And can rather then hoard cash keep the stock price healthy by being a reliable dividend source. Keep it up, at 3 bucks--yeh that is little wild isn't it!:) I got to get to this "by buying back stock" reference--didn't read it all that well, really.
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