Rick: Too pricey? I think so too. But be sure to consider this:
Fact: The world is being "knit" together by telecommunications. This in turn, is beginning to stimulate the global economy in a manner that the U.S. economy has been experiencing since telecommunications began to surge here in the '50's. Fact, most of the remainder of the planet(upwards of 70% as a guess) is sitting, market penetration-wise, at that 1950's level but has the advantage in selection of newer networking "styles."
Fact, laying fiber/copper/whatever, although occurring rapidly, is costly to impliment. Fact, technology networks work by evolution in embedded situations, and uses this "high" bar of cost to "leap frog" in non-embedded situations.
Conclusion; I predict that in these "1950's era" areas IRIDF is gonna do very well long term. I'll take that 70% of the planet left to penetrate thank you very much. Me thinks IRIDF(and MOT) is gonna go a looong way, with periodic retrenchments of course. However, currently although I'm a long-term bull, I think IRIDF has gotten a tad ahead of itself(MOT however, as a side play, is at attractive levels now), probably due to end of qtr
"window dressing." I'm a continued buyer whenever they retrench to below $60.00.
Regards!
John~ |
