> Companies with low growth have a few options This is true. It is always better to return money to shareholders if there aren't any avenues of future growth.

> Companies with low growth have a few options This is true. It is always better to return money to shareholders if there aren't any avenues of future growth. But, on the flip side there are companies which are knowingly using their portfolios to create similar situations. A good example is Broadcom. They have cutback on R&D spending. Using huge amount of debt to grow via acquisitions and share buyback.