Yes and no. You may be right, but the MBA math doesn't agree with you. You're an investor and you can make an investment in one of two companies who are otherwise equal, except one acknowledges that it needs to invest in it's future work force and the other is only concerned with maximizing returns. The first company may be healthier long term but that value won't be actualized for many years. Whereas the second company can provide larger returns sooner. Which company is the safer investment?

You may say it's company A, except that your money won't make money for much longer, a lot can happen in that time. With company B it may not pay off in the long run so don't. Invest, collect, leave, find another investment. Your money is vulnerable for less time and has a better chance of making money in the short run. Which company is the safer investment?