It's what you do with it.

Discusses the observation that companies might benefit more from refraining from chasing growth and instead using the money to improve its return of investment. Illustration of the view that growth of companies do not translate to profitability, as reflected in the profits of Telstra; Investments attracted by large companies; Capital strategy of Westr Australian Newspapers; Perception of returning shareholders' funds as a way to solve the problem of lack of market growth.