P/E=171 much too higher, page-15

Would you have preferred a loan from a bank? If so, could the terms have been more favourable than taking this route? It appears that NTC is convinced that there are many viable opportunities out there for it to tap into, but it can't do so unless it invests in an expansion of its capacity. Presumably NTC reasons that these contracts will grow the company faster at a lower cost than would be the case if it purchased companies who operate in this space. In any case, how many of those companies would genuinely add value at a reasonable cost to NTC? Personally I am comfortable with the approach NTC has taken. If the strategy is successful it will pay huge dividends, but there is always a risk involved.