A New Dawn, page-196

No ET. I will never come and say its investment grade.

Yes it might gain steady cashflow, make some money, even pay a dividend. But it is and will remain a professional services company where people offering their IP every day then have to split their income for a shareholder when they could walk down the street to another firm where it all stays in house.

Same as a real estate company (dare I say McGrath) or an accounting firm or medical centre. Not many around the boards eh? IMO wouldn't touch them in public situations cause the (good) people walk out or get drawn elsewhere you have nothing.

But all IMO. I wish you the best of luck. Each to their own.