| I agree. But I like to think of GX as a real estate company. Who in the world could get funding any time soon to build something competitive to GX's undersea fiber optic network? If internet traffic is indeed increasing fourfold per year, that's over 1,000 fold in 5 years and 1,000,000 fold in 10 years. And that doesn't even take into account the fact that the rate of growth is likely increasing, so we have double exponential growth. I know we've all heard it before, but the so-called "fiber capacity glut" is going to get eaten up pretty darn quick. I've only recently bought GX for the first time, first at $5.96, then $4.95 and yesterday at $3.99. Yes, I've been averaging down, which a lot of savvy investors claim is almost always a bad idea, but I've got to believe that GX will emerge from this telecom bloodbath as one of the best, if not THE best, positioned company to benefit from the exponential growth of the internet and data traffic. Cramer needs to take his meds; I change the channel when he comes on CNBC. |
