Generally, that's right. We always take re-applicants. The way I look at how hiring is done (and it can certainly be improved in the industry as a whole) is that the system is tuned to reduce false positives (bad hires), but that means we have lots of false negatives (people who could have been great hires), so if you think you would be a great hire, don't feel bad about applying again. We all have bad days when interviewing, or bad evaluations.