You are bang on K. The risk at this point is much lower than it was back in February 2008. The infrastructure hump was never breached at that time although everyone was hoping it would be soon. We are much closer to breaching it now and once this is officially crossed and my guess is we will know that for sure within the next 3 months, than NOT's valuation will jump 4-10 times where we are now. That is why I still have not sold a share. If I had any dry powder like Donypee, I would be buying more even at this valuation.

Keep dreaming people, but keep both feet on the ground,

Glorieux