>if it's successful That's a big if for them right now. When you're trading at a P/E in the single digits ex cash, the market is telling you they have no faith

>if it's successful That's a big if for them right now. When you're trading at a P/E in the single digits ex cash, the market is telling you they have no faith in your ability to re-invest your earnings(especially when interest rates are so low).